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To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and for other purposes.

USA117th CongressHR-8128| House 
| Updated: 6/16/2022
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill expands the uses of qualified tuition program (529 plans) funds to include payment of costs related to industry recognized apprenticeship programs. It also provides for payment of expenses related to a career and technical education program or a career pathway. The bill increases from 1.4% to 1.6% the rate of the excise tax on the investment income of certain private colleges and universities.
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Timeline
Jun 16, 2022
Introduced in House
Jun 16, 2022
Referred to the House Committee on Ways and Means.
  • June 16, 2022
    Introduced in House


  • June 16, 2022
    Referred to the House Committee on Ways and Means.

Taxation

To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and for other purposes.

USA117th CongressHR-8128| House 
| Updated: 6/16/2022
This bill expands the uses of qualified tuition program (529 plans) funds to include payment of costs related to industry recognized apprenticeship programs. It also provides for payment of expenses related to a career and technical education program or a career pathway. The bill increases from 1.4% to 1.6% the rate of the excise tax on the investment income of certain private colleges and universities.
View Full Text

Suggested Questions

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

Timeline
Jun 16, 2022
Introduced in House
Jun 16, 2022
Referred to the House Committee on Ways and Means.
  • June 16, 2022
    Introduced in House


  • June 16, 2022
    Referred to the House Committee on Ways and Means.
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted