Summary: S.14 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for S.14. Bill summaries are authored by CRS.

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Introduced in Senate (01/19/1999)

Education Savings Account and School Excellence Act of 1999 - Amends the Internal Revenue Code, with respect to education individual retirement accounts (IRAs), to: (1) permit distributions for qualified elementary and secondary education expenses, including home schooling expenses; and (2) increase (through December 31, 2002) the annual contribution limit from $500 to $2,000. Waives the beneficiary age limitation (18) for contributions on behalf of special needs beneficiaries. Permits corporations to contribute to education IRAs.