US HB675 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 24 2017 - 25% progression, died in committee
Action: 2017-01-24 - 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 2017 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: (1) tuition, fees, academic tutoring, special needs services, books, and supplies; (2) room and board, uniforms, transportation, and supplementary items and services; and (3) and computer technology or equipment, including Internet access. The bill also increases from $2,000 to $12,000 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 2014.

Tracking Information

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Title

Empowering Parents to Invest in Choice Act of 2017

Sponsors


History

DateChamberAction
2017-01-24HouseReferred to the House Committee on Ways and Means.
2017-01-24HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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