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S 4103 United States Senate · 117th Congress

Helping Parents Save for College Act of 2022

Summary
Helping Parents Save for College Act of 2022 This bill allows a retirement savings tax credit for contributions to any qualified tuition program (e.g., a 529 qualified tuition plan). It also permits a rollover of unused contributions to a ROTH IRA savings account.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credit for college savings, offering direct tax relief to parents, aligning with support indicators for tax incentives.90% confidence ✓ EducationSupports EducationProvides tax credit for college savings (529 plans), expanding higher education access through financial incentives for families.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2022
Committee Review
Floor Vote
President
Introduced Apr 28, 2022 Last action Apr 28, 2022
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Apr 28, 2022
Committee
Read twice and referred to the Committee on Finance.
upper
Apr 28, 2022
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Margaret Wood Hassan
Margaret Wood Hassan
DDemocratic
NH
n/a
Co
Photo of Susan M. Collins
Susan M. Collins
RRepublican
ME
n/a