HR 529
114th Congress
House
Taxation
Computers and information technology
Educational technology and distance education
Higher education
Income tax exclusion
Student aid and college costs
To amend the Internal Revenue Code of 1986 to improve 529 plans.
Introduced: January 26, 2015
See on congress.gov
Everywhere this bill has been
19 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 2015
Read twice and referred to the Committee on Finance.
Feb 26, 2015
Received in the Senate.
Feb 25, 2015
Motion to reconsider laid on the table Agreed to without objection.
Feb 25, 2015
On passage Passed by recorded vote: 401 - 20 (Roll no. 90). (text: CR H1135-1136)
Feb 25, 2015
Passed/agreed to in House: On passage Passed by recorded vote: 401 - 20 (Roll no. 90).(text: CR H1135-1136)
Feb 25, 2015
On motion to recommit with instructions Failed by the Yeas and Nays: 176 - 243 (Roll no. 89).
Feb 25, 2015
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H1140)
Feb 25, 2015
DEBATE - The House proceeded with 10 minutes of debate on the Ted Lieu motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding new sections on parents' right to know cost of brokerage fees and impact on long-term savings and rates of return and low fees. Subsequently, the reservation was removed.
Feb 25, 2015
Mr. Lieu, Ted moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H1139-1141; text: CR H1139-1140)
Feb 25, 2015
DEBATE - The House proceeded with one hour of debate on H.R. 529.
Feb 25, 2015
Rule provides for consideration of H.R. 529 and H.R. 5. Provides for one hour of debate, waives all points of order against consideration of the bills. Section 1 of the resolution provides that the amendment in the nature of a substitute printed in the bill shall be considered as adopted and the bill, as amended shall be considered read. The resolution provides one motion to recommit with or without instructions. Section 2 provides that no further consideration of H.R. 5 shall be in order except pursuant to a subsequent order of the House. Section 3 waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015. Section 4 provides that it shall be in order at any time through the calendar day of March 1, 2015, for the Speaker to entertain motions that the House suspend the rules as though under clause 1 of rule XV, relating to a measure making or continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015.
Feb 25, 2015
Considered under the provisions of rule H. Res. 121. (consideration: CR H1135-1142)
Feb 24, 2015
Rules Committee Resolution H. Res. 121 Reported to House. Rule provides for consideration of H.R. 529 and H.R. 5. Provides for one hour of debate, waives all points of order against consideration of the bills. Section 1 of the resolution provides that the amendment in the nature of a substitute printed in the bill shall be considered as adopted and the bill, as amended shall be considered read. The resolution provides one motion to recommit with or without instructions. Section 2 provides that no further consideration of H.R. 5 shall be in order except pursuant to a subsequent order of the House. Section 3 waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making continuing appropriations for the Department of Homeland Security for the fiscal year
Feb 20, 2015
Placed on the Union Calendar, Calendar No. 17.
Feb 20, 2015
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-25.
Feb 12, 2015
Ordered to be Reported (Amended) by Voice Vote.
Feb 12, 2015
Committee Consideration and Mark-up Session Held.
Jan 26, 2015
Referred to the House Committee on Ways and Means.
Jan 26, 2015
Introduced in House
Votes taken on this bill
2
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Feb 25, 2015 | House · vote #90 | On Passage | Passed | 401–20 | See who voted → |
| Feb 25, 2015 | House · vote #89 | On Motion to Recommit with Instructions | Failed | 176–243 | See who voted → |
Plain-English summary
(This measure has not been amended since it was reported to the House on February 20, 2015. The summary of that version is repeated here.)
This bill makes changes to the rules for qualified tuition programs (known as 529 plans).
(Sec. 2) The Internal Revenue Code is amended to allow payments from 529 plans for the purchase of computer or peripheral equipment, computer software, or Internet access and related services to be used primarily by a 529 plan beneficiary while enrolled in an eligible educational institution.
(Sec. 3) The requirement that distributions from a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income is eliminated.
(Sec. 4) Students who receive a refund from an eligible educational institution can recontribute such refund to a 529 plan without tax consequences if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
2