A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.

USA115^th CongressS-1822| Senate

| Updated: 9/14/2017

This bill amends the Internal Revenue Code, with respect to qualified tuition programs (known as 529 plans), to allow distributions from the plans to be used for expenses required for programs to obtain a recognized postsecondary credential or occupational license. A "recognized postsecondary credential" is a credential consisting of an industry-recognized certificate or certification, a certificate of completion of an apprenticeship, a license recognized by the state involved or federal government, or an associate or baccalaureate degree.

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Taxation

Bank accounts, deposits, capitalEmployment and training programsHigher educationIncome tax deferralIncome tax exclusionLicensing and registrationsStudent aid and college costs

A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.

USA115^th CongressS-1822| Senate

| Updated: 9/14/2017

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Amy Klobuchar

Democratic Senator

Minnesota

Cosponsors (5)

Tammy Duckworth (Democratic)Dianne Feinstein (Democratic)Heidi Heitkamp (Democratic)Joe Manchin (Independent)Tammy Baldwin (Democratic)

Finance Committee

Taxation

Introduced
In Committee
On Floor
Passed Chamber
Enacted

Bank accounts, deposits, capitalEmployment and training programsHigher educationIncome tax deferralIncome tax exclusionLicensing and registrationsStudent aid and college costs

A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.

Suggested Questions

Taxation

A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.

Suggested Questions

Amy Klobuchar

Finance Committee

Taxation

A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.

Suggested Questions

Taxation

A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.

Suggested Questions

Amy Klobuchar

Finance Committee

Taxation