Bill > S722

This bill, the "Freedom To Invest in Tomorrow's Workforce Act," amends the Internal Revenue Code to allow certain expenses associated with obtaining or maintaining recognized postsecondary credentials to be treated as qualified higher education expenses for the purposes of 529 accounts. This includes tuition, fees, books, supplies, and equipment required for enrollment or attendance in a recognized postsecondary credential program, as well as fees required to obtain or maintain such a credential. The bill defines a "recognized postsecondary credential program" as a program to obtain a credential that is included on a list prepared under the Workforce Innovation and Opportunity Act or meets certain educational prerequisites. The amendments made by this bill would apply to expenses paid or incurred in taxable years beginning after the date of the bill's enactment.