Bill115th CongressFiled Jun 27, 2018Taxation
H.R. 6250
Skills Investment Act of 2018
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jun 27, 2018)
Skills Investment Act of 2018
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.
What just happenedJun 27, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Kilmer, Derek [D-WA-6](D-WA)Sponsor
9 cosponsors5 D4 R
9cosponsors1committees3actions1related bills9subjects
- Introduced in HouseJun 27, 2018
- Jun 27, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 27, 2018IntroReferralIntro-H
Introduced in House
- Jun 27, 2018IntroReferral1000
Introduced in House