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United States · Bill · S

S. 243 (114th)

ACE Act

referredUnited States· United States Congress· EN

Introduced

22 January 2015

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

12 August 2025

Summary

Allocating for Children's Education Act or the ACE Act Amends the Internal Revenue Code, with respect to Coverdale education savings accounts, to: (1) increase from $2,000 to $5,000 the maximum allowable contribution to such accounts in a taxable year, and (2) allow distributions from such accounts for the purchase of athletic equipment at elementary and secondary schools. 

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Documents

3 official files

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Sources

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