Coverdell Education Savings Accounts Act of 2001

Summary

Coverdell Education Savings Accounts Act of 2001 - Amends the Internal Revenue Code, with respect to education individual retirement accounts (IRAs), to: (1) permit distributions for qualified elementary and secondary education expenses; (2) increase annual contribution limits from $500 to $2,000, with annual inflation adjustments as of tax year 2003; (3) waive the beneficiary age limitation (18) for contributions on behalf of special needs beneficiaries; (4) permit corporations to contribute to education IRAs; (5) permit annual contributions to be made until the filing date (not including extensions) for a tax year; (6) extend the time for return of excess contributions; and (7) provide for coordination with Hope and lifetime learning credit and qualified tuition program provisions. Renames such educational IRAs as Coverdell education savings accounts. Excludes from gross income: (1) employer contributions to such accounts on behalf of an employee or employee family member; and (2) account distributions.

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Timeline

1. 13 February 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 13 February 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 February 2001 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 February 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 February 2001

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 13 February 2001

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Torricelli, Robert G. [D-NJ] · D · Sponsor
• Sen. Hutchinson, Tim [R-AR] · R · Sponsor
• Sen. Lieberman, Joseph I. [ID-CT] · D · Sponsor
• Sen. Sessions, Jeff [R-AL] · R · Sponsor
• Sen. Breaux, John B. [D-LA] · D · Sponsor
• Sen. Frist, William H. [R-TN] · R · Sponsor
• Sen. Miller, Zell [D-GA] · D · Sponsor
• Sen. Enzi, Michael B. [R-WY] · R · Sponsor
• Sen. Gregg, Judd [R-NH] · R · Sponsor
• Sen. Thompson, Fred [R-TN] · R · Sponsor
• Sen. Hagel, Chuck [R-NE] · R · Sponsor
• Sen. Brownback, Sam [R-KS] · R · Sponsor
• Sen. Santorum, Rick [R-PA] · R · Sponsor
• Sen. Kyl, Jon [R-AZ] · R · Sponsor
• Sen. Voinovich, George V. [R-OH] · R · Sponsor
• Sen. DeWine, Mike [R-OH] · R · Sponsor
• Sen. Cleland, Max [D-GA] · D · Sponsor
• Sen. Feinstein, Dianne [D-CA] · D · Cosponsor
• · ssfi00 · Standing

Related records

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