Bill117th CongressFiled Jun 16, 2022Taxation
H.R. 8128
To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Jun 16, 2022)
This bill expands the uses of qualified tuition program (529 plans) funds to include payment of costs related to industry recognized apprenticeship programs. It also provides for payment of expenses related to a career and technical education program or a career pathway.
The bill increases from 1.4% to 1.6% the rate of the excise tax on the investment income of certain private colleges and universities.
What just happenedJun 16, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Smucker, Lloyd [R-PA-11](R-PA)Sponsor
1committees3actions
- Introduced in HouseJun 16, 2022
- Jun 16, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 16, 2022IntroReferralIntro-H
Introduced in House
- Jun 16, 2022IntroReferral1000
Introduced in House