3.0.0 426 2024-07-24T15:23:45Z 2024-07-24T15:23:45Z Senate S S 2023-02-15 118 ssfi00 Finance Committee Senate Standing Referred to 2023-02-15T15:25:47Z 2023-02-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2023-02-15 Introduced in Senate IntroReferral 10000 9 Library of Congress K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA N Taxation Taxation 2023-03-16T14:45:17Z 00 2023-02-15 Introduced in Senate 2023-03-21T15:45:23Z Inflation-Adjusted Education Investment Act

This bill modifies provisions relating to qualified tuition programs (i.e., tax-exempt 529 plans). Specifically, it increases from $10,000 to $12,000 the limitation under such programs on payments for educational expenses, including expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. The bill provides for an annual inflation adjustment to the increased limitation amount for taxable years beginning after 2023.

]]> Inflation-Adjusted Education Investment Act Display Title 45 Inflation-Adjusted Education Investment Act 2024-07-24T15:23:45Z Short Title(s) as Introduced 101 Inflation-Adjusted Education Investment Act 2024-05-24T13:42:26Z Introduced in Senate IS Official Title as Introduced 6 A bill to amend the Internal Revenue Code of 1986 to increase and provide an inflation adjustment for the limitation on distributions from qualified tuition programs that may be used for elementary and secondary tuition. 2023-03-04T05:13:51Z Introduced in Senate IS Introduced in Senate 2023-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s426is/xml/BILLS-118s426is.xml 2023-02-15 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.