S 1822
115th Congress
Senate
Taxation
Bank accounts, deposits, capital
Employment and training programs
Higher education
Income tax deferral
Income tax exclusion
Licensing and registrations
Student aid and college costs
A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.
Introduced: September 14, 2017
Introduced by:
Klobuchar, Amy
Democratic
· Minnesota
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 14, 2017
Read twice and referred to the Committee on Finance.
Sep 14, 2017
Introduced in Senate
Plain-English summary
This bill amends the Internal Revenue Code, with respect to qualified tuition programs (known as 529 plans), to allow distributions from the plans to be used for expenses required for programs to obtain a recognized postsecondary credential or occupational license.
A "recognized postsecondary credential" is a credential consisting of an industry-recognized certificate or certification, a certificate of completion of an apprenticeship, a license recognized by the state involved or federal government, or an associate or baccalaureate degree.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1