To amend the Internal Revenue Code of 1986 to permit unborn children to be account beneficiaries of section 529 education savings accounts.
USA115th CongressHR-4794| House
| Updated: 1/16/2018
Kristi L. Noem
Republican Representative
South Dakota
Cosponsors (7)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Investing for Tomorrow Act This bill amends the Internal Revenue Code to allow an unborn child to be treated as a designated beneficiary or an individual for the purposes of qualified tuition programs (known as 529 plans). The bill defines an "unborn child" as a member of the species homo sapiens, at any stage of development, who is carried in the womb.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Bank accounts, deposits, capitalHigher educationIncome tax exclusionStudent aid and college costsTax treatment of families
To amend the Internal Revenue Code of 1986 to permit unborn children to be account beneficiaries of section 529 education savings accounts.
USA115th CongressHR-4794| House
| Updated: 1/16/2018
Investing for Tomorrow Act This bill amends the Internal Revenue Code to allow an unborn child to be treated as a designated beneficiary or an individual for the purposes of qualified tuition programs (known as 529 plans). The bill defines an "unborn child" as a member of the species homo sapiens, at any stage of development, who is carried in the womb.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Kristi L. Noem
Republican Representative
South Dakota
Cosponsors (7)
Ways and Means Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalHigher educationIncome tax exclusionStudent aid and college costsTax treatment of families