US HB1928 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on April 22 2015 - 25% progression, died in committee
Action: 2015-04-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Empowering Parents to Invest in Choice Act of 2015 This bill amends the Internal Revenue Code to allow the payment of qualified elementary and secondary education expenses from a tax-exempt qualified tuition program (known as a 529 plan). (Currently, such plans only pay qualified higher education expenses.) Included as qualified elementary and secondary education expenses are expenses for tuition, fees, academic tutoring, special needs services, books, supplies, and computer technology or equipment. The bill also increases from $2,000 to $15, 000 the limit on the amount that may be contributed to a tax-exempt Coverdell education savings account. The new contribution limit is adjusted for inflation in each taxable year beginning after 2015.

Tracking Information

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Title

Empowering Parents to Invest in Choice Act of 2015

Sponsors


History

DateChamberAction
2015-04-22HouseReferred to the House Committee on Ways and Means.
2015-04-22HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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