H.R. 2994 · 109th Congress
Securing Affordable Vocational and Collegiate Education (SAVE) Act of 2005
- Stage
- In committee
- Sponsor
- Mike Rogers
- Introduced
- 2005-06-20
- Latest action
- 2005-06-20 · Introduced in House
Summary
Securing Affordable Vocational and Collegiate Education (SAVE) Act of 2005 - Makes permanent the qualified tuition programs enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001.
Amends the Internal Revenue Code to allow a tax deduction from gross income for payments to a qualified tuition program. Limits the annual amount of such deduction to $5,000 ($10,000 on joint returns).