To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and…

Full title

To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and for other purposes.

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R SmuckerSponsor

No cosponsors.

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.

What it does: CRS summary · Introduced in House · Jun 16, 2022

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and for other purposes.

Latest action (Jun 16, 2022): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Jun 16, 2022

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.