Lifelong Learning Accounts Act of 2010

Summary

Lifelong Learning Accounts Act of 2010 - Amends the Internal Revenue Code to: (1) establish tax-exempt lifelong learning accounts to pay certain educational expenses, including tuition, fees, books, supplies, and information technology devices required for the education of, or courses of instruction of, the account beneficiary; (2) allow individuals between ages 18 and 71 an income-based tax credit for cash contributions to their lifelong learning accounts; (3) exclude from employee gross income employer contributions to a lifelong learning account; and (4) allow employers a tax credit for contributions made to the lifelong learning accounts of their employees and for administrative costs associated with small employer lifelong learning accounts.

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Timeline

1. 13 July 2010

   Introduced

   Referred to House Ways and Means

   Source: IntroReferral

2. 13 July 2010

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 13 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

4. 13 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

5. 13 October 2010

   Referred

   Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 July 2010 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 July 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 July 2010

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 13 July 2010

  Open at official source

Sponsors

• John Larson · D · Sponsor
• Peter Roskam · R · Sponsor
• Jared Polis · D · Sponsor
• Erik Paulsen · R · Sponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

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