[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5932 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 5932

    To amend the Internal Revenue Code of 1986 to allow 529 tuition 
 programs with respect to elementary and secondary education expenses.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 8, 2012

   Ms. Buerkle (for herself, Mr. Paul, and Mr. Kelly) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to allow 529 tuition 
 programs with respect to elementary and secondary education expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Expand Opportunity for Education 
Savings Act of 2012''.

SEC. 2. 529 PROGRAMS FOR ELEMENTARY AND SECONDARY EDUCATION EXPENSES.

    (a) In General.--Paragraph (5) of section 529(e) of the Internal 
Revenue Code of 1986 is amended to read as follows:
            ``(5) Eligible educational institution.--The term `eligible 
        educational institution' means an institution--
                    ``(A) which--
                            ``(i) is described in section 481 of the 
                        Higher Education Act of 1965 (20 U.S.C. 1088), 
                        as in effect on the date of the enactment of 
                        this subsection, and
                            ``(ii) which is eligible to participate in 
                        a program under title IV of such Act, or
                    ``(B) which provides elementary education or 
                secondary education (kindergarten through grade 12), as 
                determined under State law.''.
    (b) Special Rule for Room and Board.--Subparagraph (B) of section 
529(e)(3) of such Code is amended by adding at the end the following 
new clause:
                            ``(iii) Special rule for elementary and 
                        secondary education.--In the case of an 
                        eligible educational institution described in 
                        paragraph (5)(B), clause (ii)(I) shall not 
                        apply.''.
    (c) Conforming Amendments.--
            (1) Section 529 of such Code is amended by striking 
        ``higher education'' each place it appears and inserting 
        ``education''.
            (2) The heading for subparagraph (B) of section 529(c)(3) 
        of such Code is amended by striking ``higher''.
    (d) Effective Date.--The amendments made by this section shall 
apply to distributions made after the date of the enactment of this 
Act.
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