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529 OPTIONS Act

USA116th CongressHR-2679| House 
| Updated: 5/10/2019
Donald Norcross

Donald Norcross

Democratic Representative

New Jersey

Cosponsors (10)
F. James Sensenbrenner (Republican)Madeleine Dean (Democratic)Daniel T. Kildee (Democratic)Christopher H. Smith (Republican)Mike Kelly (Republican)Anthony Brindisi (Democratic)Salud O. Carbajal (Democratic)Adam Smith (Democratic)Brian K. Fitzpatrick (Republican)Ed Perlmutter (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
529 Opening Paths To Invest in Our Nation's Students Act or the 529 OPTIONS Act This bill allows tax-free distributions from qualified tuition programs (known as 529 plans) to be used for certain expenses associated with registered apprenticeship programs. The bill expands the definition of "qualified higher education expenses" for which tax-free distributions are allowed to include (1) books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary in an apprenticeship program registered and certified with the Department of Labor; (2) child care at a licensed day care center, and transportation, in connection with such enrollment or attendance; and (3) costs associated with obtaining an industry certification or other credential in connection with an apprenticeship program.
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Timeline
May 10, 2019
Introduced in House
May 10, 2019
Referred to the House Committee on Ways and Means.
  • May 10, 2019
    Introduced in House


  • May 10, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 116-1623: Expanding Access to Apprenticeships Act
Bank accounts, deposits, capitalChild care and developmentEmployment and training programsFinancial services and investmentsHigher educationIncome tax exclusionLicensing and registrationsStudent aid and college costs

529 OPTIONS Act

USA116th CongressHR-2679| House 
| Updated: 5/10/2019
529 Opening Paths To Invest in Our Nation's Students Act or the 529 OPTIONS Act This bill allows tax-free distributions from qualified tuition programs (known as 529 plans) to be used for certain expenses associated with registered apprenticeship programs. The bill expands the definition of "qualified higher education expenses" for which tax-free distributions are allowed to include (1) books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary in an apprenticeship program registered and certified with the Department of Labor; (2) child care at a licensed day care center, and transportation, in connection with such enrollment or attendance; and (3) costs associated with obtaining an industry certification or other credential in connection with an apprenticeship program.
View Full Text

Suggested Questions

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

Timeline
May 10, 2019
Introduced in House
May 10, 2019
Referred to the House Committee on Ways and Means.
  • May 10, 2019
    Introduced in House


  • May 10, 2019
    Referred to the House Committee on Ways and Means.
Donald Norcross

Donald Norcross

Democratic Representative

New Jersey

Cosponsors (10)
F. James Sensenbrenner (Republican)Madeleine Dean (Democratic)Daniel T. Kildee (Democratic)Christopher H. Smith (Republican)Mike Kelly (Republican)Anthony Brindisi (Democratic)Salud O. Carbajal (Democratic)Adam Smith (Democratic)Brian K. Fitzpatrick (Republican)Ed Perlmutter (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 116-1623: Expanding Access to Apprenticeships Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalChild care and developmentEmployment and training programsFinancial services and investmentsHigher educationIncome tax exclusionLicensing and registrationsStudent aid and college costs