3.0.0 3228 2023-01-11T13:41:49Z 2023-01-11T13:41:49Z Senate S 2018-07-17 115 ssfi00 Finance Committee Senate Standing Referred to 2018-07-17T21:43:44Z A bill to amend the Internal Revenue Code of 1986 to allow for distributions from 529 accounts for expenses associated with registered apprenticeship programs. 115 2222 S 2017-12-12 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7976) Related bill CRS To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses. 115 7021 HR 2018-10-02 Referred to the House Committee on Ways and Means. Related bill CRS 2018-07-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-07-17 Introduced in Senate IntroReferral 10000 9 Library of Congress G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO N Taxation Bank accounts, deposits, capital Employee benefits and pensions Employment and training programs Income tax deferral Income tax exclusion Inflation and prices Preschool education Student aid and college costs Vocational and technical education Wages and earnings Taxation 00 2018-07-17 Introduced in Senate 2019-03-25T19:58:19Z 529 Expansion and Modernization Act of 2018

This bill allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for:

  • apprenticeship programs,
  • early education expenses for children under the age of 5,
  • career and technical education programs, and
  • industry intermediary education programs.

The bill also allows employers to make contributions to an employee's 529 plan as a fringe benefit that is excluded from the gross income of the employee. The contributions per employee may not exceed $500 per year (adjusted for inflation after 2019) and must be made in connection with a payroll deduction contribution program.

]]> 529 Expansion and Modernization Act of 2018 Display Title 529 Expansion and Modernization Act of 2018 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for distributions from 529 programs to pay apprenticeship and qualified early education expenses, and for other purposes. Introduced in Senate IS Short Titles as Introduced 529 Expansion and Modernization Act of 2018 Introduced in Senate 2018-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3228is/xml/BILLS-115s3228is.xml 2018-07-17 Read twice and referred to the Committee on Finance. 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.