To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses.
United States115th CongressHR-7021House of Representatives
Latest legislative activity: Oct 2, 2018
Summary
Official Summary
This bill amends the Internal Revenue Code to allow tax-free distributions from qualified tuition programs (known as 529 plans) to be used for qualified early education expenses, subject to a limit of $10,000 per beneficiary.
"Qualified early education expenses" are expenses for providing educational and other care to a child under age 5 (including childcare provided before and after school), as determined under state law and pursuant to attendance at a school or facility licensed in the state for the purpose.
Bill texts
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
House of Representatives
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