HR 2679 116th Congress House Taxation Bank accounts, deposits, capital Child care and development Employment and training programs Financial services and investments Higher education Income tax exclusion Licensing and registrations Student aid and college costs

529 OPTIONS Act

Introduced: May 10, 2019 Introduced by: Norcross, Donald Democratic · New Jersey See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 10, 2019

Referred to the House Committee on Ways and Means.

May 10, 2019

Introduced in House

Plain-English summary Congressional Research Service

529 Opening Paths To Invest in Our Nation's Students Act or the 529 OPTIONS Act

This bill allows tax-free distributions from qualified tuition programs (known as 529 plans) to be used for certain expenses associated with registered apprenticeship programs.

The bill expands the definition of "qualified higher education expenses" for which tax-free distributions are allowed to include (1) books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary in an apprenticeship program registered and certified with the Department of Labor; (2) child care at a licensed day care center, and transportation, in connection with such enrollment or attendance; and (3) costs associated with obtaining an industry certification or other credential in connection with an apprenticeship program.

What's happening now May 10, 2019

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1