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Bill114th CongressFiled Jan 26, 2015Taxation
H.R. 529

To amend the Internal Revenue Code of 1986 to improve 529 plans.

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Feb 25, 2015)

(This measure has not been amended since it was reported to the House on February 20, 2015. The summary of that version is repeated here.)

This bill makes changes to the rules for qualified tuition programs (known as 529 plans).

(Sec. 2) The Internal Revenue Code is amended to allow payments from 529 plans for the purchase of computer or peripheral equipment, computer software, or Internet access and related services to be used primarily by a 529 plan beneficiary while enrolled in an eligible educational institution.

(Sec. 3) The requirement that distributions from a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income is eliminated.

(Sec. 4) Students who receive a refund from an eligible educational institution can recontribute such refund to a 529 plan without tax consequences if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

What just happenedApr 16, 2015

Read twice and referred to the Committee on Finance.

Who’s behind it

Rep. Jenkins, Lynn [R-KS-2](R-KS)Sponsor
38 cosponsors8 D30 R
Read on Congress.gov
38cosponsors2committees21actions1amendments2related bills5subjects
  1. Apr 16, 2015IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. Feb 26, 2015IntroReferral

    Received in the Senate.

  3. Feb 25, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  4. Feb 25, 2015FloorH37100

    On passage Passed by recorded vote: 401 - 20 (Roll no. 90). (text: CR H1135-1136)

  5. Feb 25, 2015Floor8000

    Passed/agreed to in House: On passage Passed by recorded vote: 401 - 20 (Roll no. 90).(text: CR H1135-1136)

  6. Feb 25, 2015FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 176 - 243 (Roll no. 89).

    Ways and Means Committee
  7. Feb 25, 2015FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H1140)

  8. Feb 25, 2015FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the Ted Lieu motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding new sections on parents' right to know cost of brokerage fees and impact on long-term savings and rates of return and low fees. Subsequently, the reservation was removed.

  9. Feb 25, 2015FloorH36100

    Mr. Lieu, Ted moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H1139-1141; text: CR H1139-1140)

    Ways and Means Committee
  10. Feb 25, 2015FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 529.

  11. Feb 25, 2015FloorH8D000

    Rule provides for consideration of H.R. 529 and H.R. 5. Provides for one hour of debate, waives all points of order against consideration of the bills. Section 1 of the resolution provides that the amendment in the nature of a substitute printed in the bill shall be considered as adopted and the bill, as amended shall be considered read. The resolution provides one motion to recommit with or without instructions. Section 2 provides that no further consideration of H.R. 5 shall be in order except pursuant to a subsequent order of the House. Section 3 waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015. Section 4 provides that it shall be in order at any time through the calendar day of March 1, 2015, for the Speaker to entertain motions that the House suspend the rules as though under clause 1 of rule XV, relating to a measure making or continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015.

  12. Feb 25, 2015FloorH30000

    Considered under the provisions of rule H. Res. 121. (consideration: CR H1135-1142)

  13. Feb 24, 2015FloorH1L210

    Rules Committee Resolution H. Res. 121 Reported to House. Rule provides for consideration of H.R. 529 and H.R. 5. Provides for one hour of debate, waives all points of order against consideration of the bills. Section 1 of the resolution provides that the amendment in the nature of a substitute printed in the bill shall be considered as adopted and the bill, as amended shall be considered read. The resolution provides one motion to recommit with or without instructions. Section 2 provides that no further consideration of H.R. 5 shall be in order except pursuant to a subsequent order of the House. Section 3 waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making continuing appropriations for the Department of Homeland Security for the fiscal year

  14. Feb 20, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 17.

  15. Feb 20, 2015CommitteeH12200

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-25.

    Ways and Means Committee
  16. Feb 20, 2015Committee5000

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-25.

    Ways and Means Committee
  17. Feb 12, 2015Committee

    Ordered to be Reported (Amended) by Voice Vote.

    Ways and Means Committee
  18. Feb 12, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Ways and Means Committee
  19. Jan 26, 2015IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  20. Jan 26, 2015IntroReferralIntro-H

    Introduced in House

  21. Jan 26, 2015IntroReferral1000

    Introduced in House

Passed House amendedFeb 25, 201536

(This measure has not been amended since it was reported to the House on February 20, 2015. The summary of that version is repeated here.)

This bill makes changes to the rules for qualified tuition programs (known as 529 plans).

(Sec. 2) The Internal Revenue Code is amended to allow payments from 529 plans for the purchase of computer or peripheral equipment, computer software, or Internet access and related services to be used primarily by a 529 plan beneficiary while enrolled in an eligible educational institution.

(Sec. 3) The requirement that distributions from a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income is eliminated.

(Sec. 4) Students who receive a refund from an eligible educational institution can recontribute such refund to a 529 plan without tax consequences if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

Reported to House with amendment(s)Feb 20, 201517

This bill makes changes to the rules for qualified tuition programs (known as 529 plans).

(Sec. 2) The Internal Revenue Code is amended to allow payments from 529 plans for the purchase of computer or peripheral equipment, computer software, or Internet access and related services to be used primarily by a 529 plan beneficiary while enrolled in an eligible educational institution.

(Sec. 3) The requirement that distributions from a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income is eliminated.

(Sec. 4) Students who receive a refund from an eligible educational institution can recontribute such refund to a 529 plan without tax consequences if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

Introduced in HouseJan 26, 2015

This bill amends the Internal Revenue Code, with respect to qualified tuition programs (529 plans), to: (1) make permanent the allowance for payment of computer technology and equipment expenses from a 529 plan if such technology and equipment is to be used primarily by the plan beneficiary (currently, use is allowed by the beneficiary and the beneficiary's family); (2) eliminate the requirement that distributions from a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income; and (3) allow a tax-free recontribution to a 529 plan of amounts refunded to a student who withdraws from an educational institution if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

To amend the Internal Revenue Code of 1986 to improve 529 plans. — Informed