US Congress House Bill 7021 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on October 2 2018 - 25% progression, died in committee
Action: 2018-10-02 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses. This bill amends the Internal Revenue Code to allow tax-free distributions from qualified tuition programs (known as 529 plans) to be used for qualified early education expenses, subject to a limit of $10,000 per beneficiary. "Qualified early education expenses" are expenses for providing educational and other care to a child under age 5 (including childcare provided before and after school), as determined under state law and pursuant to attendance at a school or facility licensed in the state for the purpose.

To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses.

Rep. Erik Paulsen [R-MN]

Rep. Mike Coffman [R-CO]

Date	Chamber	Action
2018-10-02	House	Referred to the House Committee on Ways and Means.
2018-10-02	House	Introduced in House

SB3228 (Related) 2018-07-17 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/7021/all-info
Text	https://www.congress.gov/115/bills/hr7021/BILLS-115hr7021ih.pdf