Bill > HR529

Introduced Session

To amend the Internal Revenue Code of 1986 to improve 529 plans. This bill makes changes to the rules for qualified tuition programs (known as 529 plans). (Sec. 2) The Internal Revenue Code is amended to allow payments from 529 plans for the purchase of computer or peripheral equipment, computer software, or Internet access and related services to be used primarily by a 529 plan beneficiary while enrolled in an eligible educational institution. (Sec. 3) The requirement that distributions from a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income is eliminated. (Sec. 4) Students who receive a refund from an eligible educational institution can recontribute such refund to a 529 plan without tax consequences if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

Committee Categories

Lynn Jenkins (R)*,  Mark Amodei (R),  Dan Benishek (R),  Ami Bera (D),  Rod Blum (R),  Bradley Byrne (R),  Gerry Connolly (D),  Paul Cook (R),  Stephen Fincher (R),  Michael Fitzpatrick (R),  J. Randy Forbes (R),  Christopher Gibson (R),  Bob Goodlatte (R),  Gwen Graham (D),  Glenn Grothman (R),  Joseph Heck (R),  French Hill (R),  Jim Himes (D),  Bill Huizenga (R),  Sam Johnson (R),  Mike Kelly (R),  Ron Kind (D),  John Kline (R),  Ann Kuster (D),  Bob Latta (R),  Kenny Marchant (R),  Patrick Meehan (R),  Devin Nunes (R),  Erik Paulsen (R),  Scott Peters (D),  Ted Poe (R),  Bruce Poliquin (R),  Peter Roskam (R),  Pete Sessions (R),  Jason Smith (R),  Marlin Stutzman (R),  Mike Thompson (D),  Bruce Westerman (R),  Todd Young (R), 

Read twice and referred to the Committee on Finance. (on 04/16/2015)

Official Document