Lifelong Learning Accounts Act of 2007
To amend the Internal Revenue Code of 1986 to establish a program demonstrating multiple approaches to Lifelong Learning Accounts, which are portable, worker-owned savings accounts that can be used by workers to help finance education, training, and apprenticeships and which are intended to supplement both public and employer-provided education and training resources, and for other purposes.
Other Bill Titles (2 more) 6/28/2007--Introduced.
Lifelong Learning Accounts Act of 2007 - Amends the Internal Revenue Code to:
(1) establish tax-exempt lifelong learning accounts to pay for certain higher education expenses and allow a tax deduction for cash contributions to such accounts; and />(2) allow employers, employees, and self-employed individuals tax credits for contributions to such accounts.
Requires the Comptroller General to study the effectiveness of such accounts and the tax credits provided by this Act.
... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| June 28, 2007 |
In the News
We are not currently finding any news articles on this topic using our daily automated search of Google News. However, if you know of a relevant news article to display here, OpenCongress site editors have the ability to add it manually. Simply e-mail us the web address of this page and the web address of your suggested news article: We'll post relevant links as quickly as possible. Also, if this topic is important to you, you could write a letter to the editor -- if a news article refers this specific topic by name, a link to that news article is likely to appear here soon.
Blog Coverage
June 27, 2007 HR 2901, To amend the Internal Revenue Code of 1986 to establish a ...
HR 2901 would amend the Internal Revenue Code of 1986 to establish a program demonstrating multiple approaches to Lifelong Learning Accounts, which are portable, worker-owned savings accounts that can be used by workers to help finance ...








Rating Filter: 5
(Close help)
Comments
(Close help)
No Comments
Add A Comment