HR 8128
117th Congress
House
Taxation
To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and for other purposes.
Introduced: June 16, 2022
Introduced by:
Smucker, Lloyd
Republican
· Pennsylvania
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 16, 2022
Referred to the House Committee on Ways and Means.
Jun 16, 2022
Introduced in House
Plain-English summary
This bill expands the uses of qualified tuition program (529 plans) funds to include payment of costs related to industry recognized apprenticeship programs. It also provides for payment of expenses related to a career and technical education program or a career pathway.
The bill increases from 1.4% to 1.6% the rate of the excise tax on the investment income of certain private colleges and universities.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1