This bill amends the Internal Revenue Code of 1986 to broaden the permissible uses of funds from qualified tuition programs (529 plans) . Specifically, it expands the definition of "qualified higher education expenses" to include tuition, fees, books, supplies, and equipment required for participation in certain aviation maintenance and commercial pilot courses. The legislation defines a "qualified aviation maintenance course" as instruction at an aviation maintenance technician school governed by part 147 of title 14, Code of Federal Regulations. A "qualified commercial pilot course" refers to a commercial pilot course taught at a flight school providing part 61 flight training or holding a part 141 pilot school certificate. These changes will apply to distributions made after the date of the bill's enactment, facilitating the use of 529 plan savings for these specific aviation training programs.
This bill amends the Internal Revenue Code of 1986 to broaden the permissible uses of funds from qualified tuition programs (529 plans) . Specifically, it expands the definition of "qualified higher education expenses" to include tuition, fees, books, supplies, and equipment required for participation in certain aviation maintenance and commercial pilot courses. The legislation defines a "qualified aviation maintenance course" as instruction at an aviation maintenance technician school governed by part 147 of title 14, Code of Federal Regulations. A "qualified commercial pilot course" refers to a commercial pilot course taught at a flight school providing part 61 flight training or holding a part 141 pilot school certificate. These changes will apply to distributions made after the date of the bill's enactment, facilitating the use of 529 plan savings for these specific aviation training programs.