Skills Investment Act of 2018

Summary

Skills Investment Act of 2018 This bill expands tax-favored Coverdell education savings accounts to allow the accounts to be used for educational or skill development expenses such as training services, career and technical education activities, career services, youth workforce investment activities, and adult education and literacy activities. The bill also: renames the accounts "Coverdell lifelong learning accounts," increases contribution limits, modifies the age-based contribution restrictions, allows a tax credit for a portion of an employer's contributions to an employee's account, and allows beneficiaries to deduct contributions made by or on behalf of the beneficiary.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 June 2018

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 June 2018

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• Introduced in Senate

  summary · EN · 27 June 2018

  Open at official source

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