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To amend the Internal Revenue Code of 1986 to allow qualified education loan repayments from section 529 plans.

USA115th CongressHR-6767| House 
| Updated: 9/10/2018
Erik Paulsen

Erik Paulsen

Republican Representative

Minnesota

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill amends the Internal Revenue Code to allow qualified tuition programs (known as 529 plans) to be used to repay qualified education loans. The bill allows up to $10,000 in distributions from a 529 plan to be used to pay the principal or interest on a qualified education loan of the designated beneficiary or a sibling of the beneficiary.
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Timeline
Sep 10, 2018
Introduced in House
Sep 10, 2018
Referred to the House Committee on Ways and Means.
  • September 10, 2018
    Introduced in House
  • September 10, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 115-6757: Family Savings Act of 2018
  • HR 115-88: Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act
Bank accounts, deposits, capitalHigher educationIncome tax deductionsIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costs

To amend the Internal Revenue Code of 1986 to allow qualified education loan repayments from section 529 plans.

USA115th CongressHR-6767| House 
| Updated: 9/10/2018
This bill amends the Internal Revenue Code to allow qualified tuition programs (known as 529 plans) to be used to repay qualified education loans. The bill allows up to $10,000 in distributions from a 529 plan to be used to pay the principal or interest on a qualified education loan of the designated beneficiary or a sibling of the beneficiary.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 10, 2018
Introduced in House
Sep 10, 2018
Referred to the House Committee on Ways and Means.
  • September 10, 2018
    Introduced in House
  • September 10, 2018
    Referred to the House Committee on Ways and Means.
Erik Paulsen

Erik Paulsen

Republican Representative

Minnesota

Ways and Means Committee

Taxation

Related Bills

  • HR 115-6757: Family Savings Act of 2018
  • HR 115-88: Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalHigher educationIncome tax deductionsIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costs