S 379 · 116th Congress 2019–2021, ended

A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account.

Fact sheet

Latest action · Feb 7, 2019 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 7, 2019
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

This bill allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for expenses required for programs to obtain a recognized postsecondary credential or occupational license.

A "recognized postsecondary credential" is a credential consisting of an industry-recognized certificate or certification, a certificate of completion of an apprenticeship, a license recognized by the state involved or federal government, or an associate or baccalaureate degree.

Cosponsors 4

Members who signed on, in the order they did. All signed on Feb 7, 2019.

SeatCosponsorSigned on
D-CADianne FeinsteinOriginalFeb 7, 2019
I-WVJoe Manchin IIIOriginalFeb 7, 2019
D-WITammy BaldwinOriginalFeb 7, 2019
D-ILTammy DuckworthOriginalFeb 7, 2019

Actions 2

Everything that happened, newest first.

  1. Feb 7, 2019Introduced in Senate
  2. Feb 7, 2019Read twice and referred to the Committee on Finance.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Feb 7, 2019Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.