Bill116th CongressFiled Jan 30, 2019Taxation
H.R. 898
Skills Investment Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jan 30, 2019)
Skills Investment Act of 2019
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 happenedJan 30, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Kilmer, Derek [D-WA-6](D-WA)Sponsor
13 cosponsors7 D6 R
13cosponsors1committees3actions1related bills9subjects
- Introduced in HouseJan 30, 2019
- Jan 30, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jan 30, 2019IntroReferralIntro-H
Introduced in House
- Jan 30, 2019IntroReferral1000
Introduced in House