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Skills Investment Act of 2019

USA116th CongressHR-898| House 
| Updated: 1/30/2019
Derek Kilmer

Derek Kilmer

Democratic Representative

Washington

Cosponsors (13)
Kathleen M. Rice (Democratic)Neal P. Dunn (Republican)Glenn Thompson (Republican)Scott H. Peters (Democratic)Ann M. Kuster (Democratic)Don Bacon (Republican)Elaine G. Luria (Democratic)Josh Harder (Democratic)Julia Brownley (Democratic)Brian K. Fitzpatrick (Republican)Tom Reed (Republican)Bill Posey (Republican)Bradley Scott Schneider (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Skills Investment Act of 201 9 This bill expands tax-favored Coverdell education savings accounts to allow the accounts to be used for educational or skill development expenses such as training services, career and technical education activities, career services, youth workforce investment activities, and adult education and literacy activities. The bill also renames the accounts "Coverdell lifelong learning accounts," increases contribution limits, modifies the age-based contribution restrictions, allows a tax credit for a portion of an employer's contributions to an employee's account, and allows beneficiaries to deduct contributions made by or on behalf of the beneficiary.
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Timeline
Jan 30, 2019

Latest Companion Bill Action

S 116-275
Introduced in Senate
Jan 30, 2019
Introduced in House
Jan 30, 2019
Referred to the House Committee on Ways and Means.
  • January 30, 2019

    Latest Companion Bill Action

    S 116-275
    Introduced in Senate


  • January 30, 2019
    Introduced in House


  • January 30, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 116-275: Skills Investment Act of 2019
Bank accounts, deposits, capitalEmployment and training programsHigher educationIncome tax creditsIncome tax deductionsIncome tax deferralStudent aid and college costsVocational and technical educationYouth employment and child labor

Skills Investment Act of 2019

USA116th CongressHR-898| House 
| Updated: 1/30/2019
Skills Investment Act of 201 9 This bill expands tax-favored Coverdell education savings accounts to allow the accounts to be used for educational or skill development expenses such as training services, career and technical education activities, career services, youth workforce investment activities, and adult education and literacy activities. The bill also renames the accounts "Coverdell lifelong learning accounts," increases contribution limits, modifies the age-based contribution restrictions, allows a tax credit for a portion of an employer's contributions to an employee's account, and allows beneficiaries to deduct contributions made by or on behalf of the beneficiary.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 30, 2019

Latest Companion Bill Action

S 116-275
Introduced in Senate
Jan 30, 2019
Introduced in House
Jan 30, 2019
Referred to the House Committee on Ways and Means.
  • January 30, 2019

    Latest Companion Bill Action

    S 116-275
    Introduced in Senate


  • January 30, 2019
    Introduced in House


  • January 30, 2019
    Referred to the House Committee on Ways and Means.
Derek Kilmer

Derek Kilmer

Democratic Representative

Washington

Cosponsors (13)
Kathleen M. Rice (Democratic)Neal P. Dunn (Republican)Glenn Thompson (Republican)Scott H. Peters (Democratic)Ann M. Kuster (Democratic)Don Bacon (Republican)Elaine G. Luria (Democratic)Josh Harder (Democratic)Julia Brownley (Democratic)Brian K. Fitzpatrick (Republican)Tom Reed (Republican)Bill Posey (Republican)Bradley Scott Schneider (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 116-275: Skills Investment Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalEmployment and training programsHigher educationIncome tax creditsIncome tax deductionsIncome tax deferralStudent aid and college costsVocational and technical educationYouth employment and child labor