3.0.0 335 2023-01-11T13:28:24Z 2023-01-11T13:28:24Z Senate S 2015-02-02 114 ssfi00 Finance Committee Senate Standing Reported by 2015-05-21T21:16:41Z Markup by 2015-04-29T22:24:25Z Referred to 2015-02-02T22:14:04Z S. Rept. 114-56 To amend the Internal Revenue Code of 1986 to improve 529 plans. 114 529 HR 2015-04-16 Read twice and referred to the Committee on Finance. Identical bill CRS 2015-05-21 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 97. Calendars 2015-05-21 ssfi00 Finance Committee Senate Committee on Finance. Reported by Senator Hatch with an amendment in the nature of a substitute. With written report No. 114-56. Committee 2015-05-21 Committee on Finance. Reported by Senator Hatch with an amendment in the nature of a substitute. With written report No. 114-56. Committee 14000 9 Library of Congress ssfi00 Finance Committee 2015-04-29 ssfi00 Finance Committee Senate Committee on Finance. Ordered to be reported without amendment favorably. Committee 2015-02-02 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S698-699) IntroReferral 2015-02-02 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2015-02-02 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2015-02-02 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2015-02-02 True R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2015-02-02 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2015-02-02 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2015-02-09 False A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2015-02-10 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2015-02-10 False M000355 Sen. McConnell, Mitch [R-KY] Mitch McConnell R KY 2015-02-25 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2015-03-02 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2015-03-10 False F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE 2015-03-11 False G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2015-03-11 False M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2015-03-11 False W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2015-03-17 False K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2015-03-23 False P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2015-04-27 False T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2015-04-28 False M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2015-04-28 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2015-06-01 False 2015-05-08T14:38:58Z S. 335, a bill to amend the Internal Revenue Code of 1986 to improve 529 plans https://www.cbo.gov/publication/50166 As ordered reported by the Senate Committee on Finance on April 29, 2015 Taxation Computers and information technology Educational technology and distance education Higher education Income tax exclusion Student aid and college costs Taxation 00 2015-02-02 Introduced in Senate 2015-02-27T22:48:50Z This bill amends the Internal Revenue Code, with respect to qualified tuition programs (529 plans), to: (1) make permanent the allowance for payment of computer technology and equipment expenses from a 529 plan if such technology and equipment is to be used primarily by the plan beneficiary (currently, use is allowed by the beneficiary and the beneficiary's family); (2) eliminate the requirement that distributions to a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income; and (3) allow a tax-free recontribution to a 529 plan of amounts refunded to a student who withdraws from an educational institution if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

]]> 01 2015-05-21 Reported to Senate with amendment(s) 2015-07-15T20:11:48Z (Sec. 2) This section amends the Internal Revenue Code to modify the types of higher education expenses that may be paid from a qualified tuition program (known as a 529 plan) to include expenses for the purchase of computer or peripheral equipment and computer software. This amendment applies to taxable years beginning after December 31, 2014.

(Sec. 3) This section repeals, after 2014, the provision of the Internal Revenue Code that requires 529 plan accounts to be aggregated for purposes of calculating the amount of distributions that are includible in taxpayer income.

(Sec. 4) This section amends the Internal Revenue Code to provide that a 529 plan beneficiary who receives a refund of higher education expenses after 2014 will not be required to include the amount of such refund in income for tax purposes if such beneficiary recontributes the refunded amount to the 529 plan within 60 days of receiving the refund and the recontribution does not exceed the refunded amount.

]]> A bill to amend the Internal Revenue Code of 1986 to improve 529 plans. Display Title A bill to amend the Internal Revenue Code of 1986 to improve 529 plans. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to improve 529 plans. Introduced in Senate IS Reported to Senate 2015-05-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s335rs/xml/BILLS-114s335rs.xml Introduced in Senate 2015-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s335is/xml/BILLS-114s335is.xml 2015-05-21 Placed on Senate Legislative Calendar under General Orders. Calendar No. 97. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.