US Congress House Bill 4333 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on March 27 2014 - 25% progression, died in committee
Action: 2014-03-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code, with respect to tax-exempt qualified tuition programs (529 plans), to: (1) make permanent the allowance for computer technology and equipment expenses and require that such technology and equipment be used primarily by the plan beneficiary (formerly, beneficiary and beneficiary's family); (2) allow contributors to a 529 plan or a plan beneficiary to direct plan investments, but not more frequently than four times per calendar year; (3) permit a 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; and (4) allow tax-free rollovers to a Roth individual retirement account (Roth IRA) of distributions from a qualified tuition program which has been maintained by the account holder for a 10-year period.

To amend the Internal Revenue Code of 1986 to improve 529 plans.

Rep. Lynn Jenkins [R-KS]	Rep. Diane Black [R-TN]	Rep. James Himes [D-CT]	Rep. Mike Kelly [R-PA]
Rep. Ron Kind [D-WI]	Rep. Michael Michaud [D-ME]	Rep. Devin Nunes [R-CA]	Rep. Chellie Pingree [D-ME]
Rep. Keith Rothfus [R-PA]	Rep. Linda Sanchez [D-CA]	Rep. Aaron Schock [R-IL]	Sen. Todd Young [R-IN]

Date	Chamber	Action
2014-03-27	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4333/all-info
Text	https://www.congress.gov/113/bills/hr4333/BILLS-113hr4333ih.pdf