US S2222

Bill

A bill to amend the Internal Revenue Code of 1986 to allow for distributions from 529 accounts for expenses associated with registered apprenticeship programs.

Introduced
12/12/2017

In Committee
12/12/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to allow for distributions from 529 accounts for expenses associated with registered apprenticeship programs. 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.

AI Summary

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. Specifically, 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 enrollment or attendance in an apprenticeship program registered and certified with the Department of Labor under the National Apprenticeship Act. This change applies to contributions made and distributions paid after December 31, 2017.

Committee Categories

Budget and Finance

Sponsors (4)

Steve Daines (R)*, Cory Booker (D), Lisa Murkowski (R), Elizabeth Warren (D),

Last Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7976) (on 12/12/2017)

Official Document

https://www.congress.gov/bill/115th-congress/senate-bill/2222/all-info

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/senate-bill/2222/all-info
BillText	https://www.congress.gov/115/bills/s2222/BILLS-115s2222is.pdf
Bill	https://www.congress.gov/115/bills/s2222/BILLS-115s2222is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1	Tax Cuts and Jobs Act	Became Public Law No: 115-97. (TXT \| PDF)	Related
HR3395	529 OPTIONS Act 529 Opening Paths To Invest in Our Nation's Students Act	ASSUMING FIRST SPONSORSHIP - Mr. Norcross asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 3395, a bill originally introduced by former Representative Meehan, for purposes of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.	Related
HR6757	Family Savings Act of 2018	Received in the Senate and Read twice and referred to the Committee on Finance.	Related
HRes1084	Providing for consideration of the bill (H.B. 6756) to amend the Internal Revenue Code of 1986 to promote new business innovation, and for other purposes; providing for consideration of the bill (H.B. 6757) to amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes; providing for consideration of the bill (H.B. 6760) to amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Tax Cuts and Jobs Act affecting individuals	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S3228	529 Expansion and Modernization Act of 2018	Read twice and referred to the Committee on Finance.	Related

Bill > S2222

US S2222

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary