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United States · Bill · S

S. 1013 (106th)

Child Savings Account Act

referredUnited States· United States Congress· EN

Introduced

11 May 1999

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Child Savings Account Act - Title I: Savings Incentives for America's Children - Amends the Internal Revenue Code to provide for: (1) the establishment of Child Savings Accounts within Roth IRAs; (2) an additional child credit for contributions to such accounts for certain taxpayers; and (3) tax-free distributions for elementary, secondary, and college education. Title II: Expansion of Availability of IRAs - Provides for an inflation adjustment to the IRA deductible amount. Repeals the adjusted gross limitation on contributions and rollovers to Roth IRAs.

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Documents

3 official files

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Sources

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