Introduced
by
To create an “individual or family development account” program, in which a non-profit organization could make deposits up to $2,500 into a tax exempt account for a low income person or family, with the beneficiary matching the deposits with money or volunteer work. The accounts could be used by the beneficiary for qualified education, home acquisition and repair, or business start-up expenses.
Referred to the Committee on Banking and Financial Services
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
The amendment passed by voice vote
Amendment offered
by
The amendment passed by voice vote
