# Pub. L. 107-22: changes to the Internal Revenue Code

2001-07-26, 115 Stat. 197. Source: <https://www.govinfo.gov/link/plaw/107/public/22>.

## Legislative history

- Bill: [S. 1190](https://www.congress.gov/bill/107th-congress/senate-bill/1190)
- Bluebook: [JCT general explanation (2003)](https://www.govinfo.gov/app/details/CPRT-108JPRT83912)

## § 26: Limitation based on tax liability; definition of tax liability

- § 26(b)(2)(E): Pub. L. 107–22 substituted “Coverdell education savings” for “education individual retirement”.

## § 72: Annuities; certain proceeds of endowment and life insurance contracts

- § 72(e)(9): Pub. L. 107–22, § 1(b)(3)(A), as amended by Pub. L. 108–311, § 408(b)(3), substituted “Coverdell education savings” for “educational individual retirement” in heading.
- § 72(e)(9): Pub. L. 107–22, § 1(b)(1)(A), substituted “a Coverdell education savings” for “an education individual retirement”.

## § 135: Income from United States savings bonds used to pay higher education tuition and fees

- § 135(c)(2)(C): Pub. L. 107–22, in heading substituted “Coverdell education savings” for “education individual retirement” and in text substituted “a Coverdell education savings” for “an education individual retirement”.

## § 529: Qualified tuition programs

- § 529(c)(3)(B)(vi): Pub. L. 107–22 substituted “Coverdell education savings” for “education individual retirement” in heading.

## § 530: Coverdell education savings accounts

- § 530: Pub. L. 107–22, § 1(a)(5), amended section catchline generally, substituting “Coverdell education savings” for “Education individual retirement”.
- § 530(a): Pub. L. 107–22, § 1(a)(2), substituted “A Coverdell education savings account” for “An education individual retirement account” and “the Coverdell education savings account” for “the education individual retirement account”.
- § 530(b)(1): Pub. L. 107–22, § 1(a)(1), (3), in heading, substituted “Coverdell education savings account” for “Education individual retirement account” and, in introductory provisions, substituted “ ‘Coverdell education savings account’ ” for “ ‘education individual retirement account’ ” and “designated as a Coverdell education savings account” for “designated as an education individual retirement account”.
- § 530(d)(4)(A): Pub. L. 107–22, § 1(a)(1), substituted “a Coverdell education savings account” for “an education individual retirement account”.
- § 530(d)(5): Pub. L. 107–22, § 1(a)(1), (4), substituted “distributed from a Coverdell education savings account” for “distributed from an education individual retirement account” and “another Coverdell education savings account” for “another education individual retirement account”.
- § 530(d)(6): Pub. L. 107–22, § 1(a)(1), substituted “a Coverdell education savings account” for “an education individual retirement account”.
- § 530(e): Pub. L. 107–22, § 1(a)(4), substituted “Coverdell education savings account” for “education individual retirement account”.
- § 530(h): Pub. L. 107–22, § 1(a)(1), substituted “a Coverdell education savings account” for “an education individual retirement account”.

## § 4973: Tax on excess contributions to certain tax-favored accounts and annuities

- § 4973(a)(4): Pub. L. 107–22, § 1(b)(1)(C), substituted “a Coverdell education savings” for “an education individual retirement”.
- § 4973(e): Pub. L. 107–22, § 1(b)(4), substituted “Coverdell education savings” for “education individual retirement” in heading.
- § 4973(e)(1): Pub. L. 107–22, § 1(b)(2)(B), substituted “Coverdell education savings” for “education individual retirement” in introductory provisions.
- § 4973(e)(2)(A): Pub. L. 107–22, § 1(b)(2)(B), substituted “Coverdell education savings” for “education individual retirement”.

## § 4975: Tax on prohibited transactions

- § 4975(c)(5): Pub. L. 107–22, § 1(b)(1)(D), (3)(D), in heading, substituted “Coverdell education savings” for “education individual retirement” and in text, substituted “a Coverdell education savings” for “an education individual retirement”.
- § 4975(e)(1)(E): Pub. L. 107–22, § 1(b)(1)(D), substituted “a Coverdell education savings” for “an education individual retirement”.

## § 6693: Failure to provide reports on certain tax-favored accounts or annuities; penalties relating to designated nondeductible contributions

- § 6693(a)(2)(D): Pub. L. 107–22 substituted “Coverdell education savings” for “education individual retirement”.