Lifelong Learning Accounts Act of 2007

Summary

Lifelong Learning Accounts Act of 2007 - Amends the Internal Revenue Code to: (1) establish a tax-exempt lifelong learning account for the payment of certain employee higher education and training expenses; (2) allow individuals a nonrefundable tax credit for contributions to such accounts; and (3) allow employers a business-related tax credit for contributions to such accounts. Directs the Secretary of the Treasury to study and report to Congress on such accounts and the tax credits enacted by this Act.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 January 2007

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 January 2007

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• Introduced in Senate

  summary · EN · 4 January 2007

  Open at official source

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