To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 2, 2018)
This bill amends the Internal Revenue Code to allow tax-free distributions from qualified tuition programs (known as 529 plans) to be used for qualified early education expenses, subject to a limit of $10,000 per beneficiary.
"Qualified early education expenses" are expenses for providing educational and other care to a child under age 5 (including childcare provided before and after school), as determined under state law and pursuant to attendance at a school or facility licensed in the state for the purpose.
What just happenedOct 2, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseOct 2, 2018
- Oct 2, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 2, 2018IntroReferralIntro-H
Introduced in House
- Oct 2, 2018IntroReferral1000
Introduced in House