This legislation significantly expands the permissible uses of 529 education savings plans by redefining "qualified higher education expense" to include a wide array of costs associated with elementary and secondary public, private, or religious schools, as well as homeschools. These newly eligible expenses encompass tuition, curriculum materials, books, online educational resources, specific tutoring services, fees for standardized tests, dual enrollment, and educational therapies for students with disabilities. Beyond expanding eligible expenses, the bill enhances the financial aspects of 529 plans. It doubles the annual limit on tax-free distributions for elementary and secondary school expenses from $10,000 to $20,000 . Furthermore, it introduces a new gift tax exclusion, allowing an additional $20,000 per year to be contributed to a 529 plan for a designated beneficiary without incurring gift tax. A major provision of the bill ties the tax-exempt status of state and local bonds to the implementation of school choice laws. Under this measure, bonds will only retain their tax-exempt status if issued by states deemed "minimum school choice states," which must have enacted specific school choice programs such as tax credit scholarships voucher programs education savings accounts refundable tax credits for private education expenses . These states must also meet certain eligibility and funding thresholds for school-age children, with higher criteria potentially leading to full tax exemption for their bonds.