S. 243 · 114th Congress
ACE Act
- Stage
- In committee
- Sponsor
- Deb Fischer
- Introduced
- 2015-01-22
- Latest action
- 2015-01-22 · Introduced in Senate
Summary
Allocating for Children's Education Act or the ACE Act
Amends the Internal Revenue Code, with respect to Coverdale education savings accounts, to: (1) increase from $2,000 to $5,000 the maximum allowable contribution to such accounts in a taxable year, and (2) allow distributions from such accounts for the purchase of athletic equipment at elementary and secondary schools.