Summary: H.R.5701 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.5701. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/28/2006)

Student Financial Readiness Act of 2006 - Amends the Internal Revenue Code to: (1) increase from $2,000 to $5,000 the annual contribution limit to Coverdell education savings accounts; (2) adjust such contribution limit for inflation after 2006; and (3) prohibit contributions by individuals whose modified adjusted gross income exceeds $150,000 ($300,000 for married couples filing joint tax returns).