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S 335 114th Congress Senate Taxation Computers and information technology Educational technology and distance education Higher education Income tax exclusion Student aid and college costs

A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.

Introduced: February 2, 2015 Introduced by: Grassley, Chuck Republican · Iowa 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2015
Placed on Senate Legislative Calendar under General Orders. Calendar No. 97.
May 21, 2015
Committee on Finance. Reported by Senator Hatch with an amendment in the nature of a substitute. With written report No. 114-56.
Apr 29, 2015
Committee on Finance. Ordered to be reported without amendment favorably.
Feb 2, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S698-699)
Feb 2, 2015
Introduced in Senate
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 Plain-English summary Congressional Research Service

(Sec. 2) This section amends the Internal Revenue Code to modify the types of higher education expenses that may be paid from a qualified tuition program (known as a 529 plan) to include expenses for the purchase of computer or peripheral equipment and computer software. This amendment applies to taxable years beginning after December 31, 2014.

(Sec. 3) This section repeals, after 2014, the provision of the Internal Revenue Code that requires 529 plan accounts to be aggregated for purposes of calculating the amount of distributions that are includible in taxpayer income.

(Sec. 4) This section amends the Internal Revenue Code to provide that a 529 plan beneficiary who receives a refund of higher education expenses after 2014 will not be required to include the amount of such refund in income for tax purposes if such beneficiary recontributes the refunded amount to the 529 plan within 60 days of receiving the refund and the recontribution does not exceed the refunded amount.

What's happening now May 21, 2015

Placed on Senate Legislative Calendar under General Orders. Calendar No. 97.

 Related & companion bills 1
  • HR 529 Identical bill To amend the Internal Revenue Code of 1986 to improve 529 plans.
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 3 Republican 7 Independent 1
D
Klobuchar, Amy
Minnesota · Jun 1, 2015
 R
Murkowski, Lisa
Alaska · Apr 28, 2015
 I
King, Angus S., Jr.
Maine · Mar 23, 2015
 R
Wicker, Roger F.
Mississippi · Mar 17, 2015
 R
Fischer, Deb
Nebraska · Mar 11, 2015
 R
Moran, Jerry
Kansas · Mar 11, 2015
 D
Schumer, Charles E.
New York · Mar 10, 2015
 R
Collins, Susan M.
Maine · Mar 2, 2015
 R
McConnell, Mitch
Kentucky · Feb 25, 2015
 R
Scott, Tim
South Carolina · Feb 9, 2015
 D
Warner, Mark R.
Virginia · Feb 2, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 335: A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.. 114th Congress. Open America. https://openamerica.io/bill/114-S-335/
MLA
"S. 335: A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-335/.
Bluebook (legal)
S. 335, 114th Cong. (2026), https://openamerica.io/bill/114-S-335/.
Markdown link
[S. 335: A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.](https://openamerica.io/bill/114-S-335/)
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