Empowering Parents to Invest in Choice Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 22, 2015)
Empowering Parents to Invest in Choice Act of 2015
This bill amends the Internal Revenue Code to allow the payment of qualified elementary and secondary education expenses from a tax-exempt qualified tuition program (known as a 529 plan). (Currently, such plans only pay qualified higher education expenses.) Included as qualified elementary and secondary education expenses are expenses for tuition, fees, academic tutoring, special needs services, books, supplies, and computer technology or equipment.
The bill also increases from $2,000 to $15,000 the limit on the amount that may be contributed to a tax-exempt Coverdell education savings account. The new contribution limit is adjusted for inflation in each taxable year beginning after 2015.
What just happenedApr 22, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseApr 22, 2015
- Apr 22, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 22, 2015IntroReferralIntro-H
Introduced in House
- Apr 22, 2015IntroReferral1000
Introduced in House