Student Savings Act of 2006
Last action on May 24, 2006Referred to the House Committee on Ways and Means.
Take Action
Summary
Student Savings Act of 2006 - Repeals the provision of the Tax Increase Prevention and Reconciliation Act of 2005 which subjects the passive income of minor children under the age of 18 (formerly, under the age of 14) to the marginal income tax rates of their parents. Imposes a surtax on individual adjusted gross income over $1 million to compensate for revenue losses resulting from such repeal.
Lifecycle of the Bill
No events recorded for this stage yet.
