US SB1822 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on September 14 2017 - 25% progression, died in committee
Action: 2017-09-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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. 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.

Tracking Information

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Title

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.

Sponsors


History

DateChamberAction
2017-09-14SenateRead twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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