S.1822 - 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.115th Congress (2017-2018) |
|Sponsor:||Sen. Klobuchar, Amy [D-MN] (Introduced 09/14/2017)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 09/14/2017 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.1822 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (09/14/2017)
This bill amends the Internal Revenue Code, with respect to qualified tuition programs (known as 529 plans), to allow distributions from the 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.