To amend the Internal Revenue Code of 1986 to allow certain individuals a credit against income tax for contributions to 529 plans, and for other purposes.
Savings Enhancement for Education in College Act - Amends the Internal Revenue Code to: (1) allow a tax credit for contributions to qualified tuition plans; and (2) allow an exclusion, up to $600, from the gross income of an employee for employer contributions to a qualified tuition program.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5789)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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