3.0.0 898 2022-11-01T15:17:47Z 2022-11-01T15:17:47Z House HR 2019-01-30 116 [Congressional Record Volume 165, Number 19 (Wednesday, January 30, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KILMER:H.R. 898.Congress has the power to enact this legislation pursuantto the following:Article I section 8 of the Constitution of the UnitedStates[Page H1338]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-01-30T14:09:10Z Skills Investment Act of 2019 116 275 S 2019-01-30 Read twice and referred to the Committee on Finance. Identical bill CRS 2019-01-30 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-01-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-01-30 Introduced in House IntroReferral 1000 9 Library of Congress K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 N T000467 Rep. Thompson, Glenn [R-PA-15] Glenn Thompson R PA 15 2019-01-30 True P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2019-01-30 True F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2019-01-30 True P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2019-01-30 True R000602 Rep. Rice, Kathleen M. [D-NY-4] Kathleen Rice D NY M. 4 2019-01-30 True L000591 Rep. Luria, Elaine G. [D-VA-2] Elaine Luria D VA G. 2 2019-01-30 True K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2019-01-30 True R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2019-02-04 False H001090 Rep. Harder, Josh [D-CA-10] Josh Harder D CA 10 2019-02-07 False B001285 Rep. Brownley, Julia [D-CA-26] Julia Brownley D CA 26 2019-02-22 False S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2019-06-18 False D000628 Rep. Dunn, Neal P. [R-FL-2] Neal Dunn R FL P. 2 2019-06-27 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2020-09-14 False Taxation Bank accounts, deposits, capital Employment and training programs Higher education Income tax credits Income tax deductions Income tax deferral Student aid and college costs Vocational and technical education Youth employment and child labor Taxation 00 2019-01-30 Introduced in House 2019-02-25T15:57:43Z Skills Investment Act of 2019

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.
]]> Skills Investment Act of 2019 Display Title Skills Investment Act of 2019 Short Title(s) as Introduced Skills Investment Act of 2019 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes. Introduced in House IH Introduced in House 2019-01-30T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr898ih/xml/BILLS-116hr898ih.xml 2019-01-30 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.