Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5201-5202)
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Apr 26, 2007
College Saver's Credit Act of 2007 - Amends the Internal Revenue Code to: (1) allow certain middle-income individual taxpayers age 18 or older a refundable tax credit for 50% of their contributions to a qualified tuition program (tax-exempt college savings plan), up to an annual limit of $2,000; and (2) require the distribution of financial education materials to participants in a qualified tuition program.
Requires the Secretary of the Treasury to study and report to Congress on the participation of individuals in qualified tuition programs.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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