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HR 1928 114th Congress House Taxation Elementary and secondary education Higher education Income tax exclusion Inflation and prices Student aid and college costs

Empowering Parents to Invest in Choice Act of 2015

Introduced: April 22, 2015 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 22, 2015
Referred to the House Committee on Ways and Means.
Apr 22, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Empowering Parents to Invest in Choice Act of 2015

This bill amends the Internal Revenue Code to allow the payment of qualified elementary and secondary education expenses from a tax-exempt qualified tuition program (known as a 529 plan). (Currently, such plans only pay qualified higher education expenses.) Included as qualified elementary and secondary education expenses are expenses for tuition, fees, academic tutoring, special needs services, books, supplies, and computer technology or equipment.

The bill also increases from $2,000 to $15,000 the limit on the amount that may be contributed to a tax-exempt Coverdell education savings account. The new contribution limit is adjusted for inflation in each taxable year beginning after 2015.

What's happening now April 22, 2015

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2