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.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Feb 7, 2019)
This bill allows tax-exempt distributions from qualified tuition programs (known as 529 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.
What just happenedFeb 7, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateFeb 7, 2019
- Feb 7, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 7, 2019IntroReferral10000
Introduced in Senate