S.2222 - A bill to amend the Internal Revenue Code of 1986 to allow for distributions from 529 accounts for expenses associated with registered apprenticeship programs.115th Congress (2017-2018)
|Sponsor:||Sen. Daines, Steve [R-MT] (Introduced 12/12/2017)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 12/12/2017 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7976) (All Actions)|
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Summary: S.2222 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (12/12/2017)
This bill amends the Internal Revenue Code to allow distributions from qualified tuition programs (known as 529 plans) to be used for certain expenses associated with registered apprenticeship programs.
The bill expands the definition of "qualified higher education expenses" for which tax-free distributions are allowed to include books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary in an apprenticeship program registered and certified with the Department of Labor.