There is 1 version of this bill. View text

Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Skills Investment Act of 2018

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes.

Actions Overview (1)

06/27/2018Introduced in House

All Actions (2)

06/27/2018Referred to the House Committee on Ways and Means.
Action By: House of Representatives
06/27/2018Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means06/27/2018 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Latest Summary (1)

There is one summary for H.R.6250. View summaries

Shown Here:
Introduced in House (06/27/2018)

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.