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S 2869 114th Congress Senate Taxation Bank accounts, deposits, capital Disability and paralysis Employee benefits and pensions Higher education Income tax credits Income tax exclusion Student aid and college costs

Boost Saving for College Act

Introduced: April 28, 2016 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2016
Read twice and referred to the Committee on Finance.
Apr 28, 2016
Introduced in Senate
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 Plain-English summary Congressional Research Service

Boost Saving for College Act

This bill amends the Internal Revenue Code to modify the tax treatment of qualified tuition programs (known as 529 plans).

The bill allows: (1) a nonrefundable tax credit for contributions of an individual to a 529 plan, and (2) an exclusion from the gross income of an employee of up to $1000 per year of employer contributions to a 529 plan.

The bill also permits savings from a 529 plan to be rolled over tax-free into: (1) a Roth Individual Retirement Account of the owner or the beneficiary of a 529 plan that has been maintained for 10 years, and (2) an ABLE account of the designated beneficiary of the 529 plan.

(Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.)

What's happening now April 28, 2016

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Blumenthal, Richard
Connecticut · Sep 26, 2016
 D
Murphy, Christopher
Connecticut · Sep 12, 2016
 R
Murkowski, Lisa
Alaska · Apr 28, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2869: Boost Saving for College Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-2869/
MLA
"S. 2869: Boost Saving for College Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2869/.
Bluebook (legal)
S. 2869, 114th Cong. (2026), https://openamerica.io/bill/114-S-2869/.
Markdown link
[S. 2869: Boost Saving for College Act](https://openamerica.io/bill/114-S-2869/)
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