US HB4333 | 2013-2014 | 113th Congress
Status
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]
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]
Summary
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.
Title
To amend the Internal Revenue Code of 1986 to improve 529 plans.
Sponsors
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] |
History
Date | Chamber | Action |
---|---|---|
2014-03-27 | House | Referred to the House Committee on Ways and Means. |
Subjects
Computers and information technology
Educational technology and distance education
Employee benefits and pensions
Financial services and investments
Higher education
Income tax exclusion
Student aid and college costs
Taxation
Educational technology and distance education
Employee benefits and pensions
Financial services and investments
Higher education
Income tax exclusion
Student aid and college costs
Taxation
US Congress State Sources
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 |