529 OPTIONS Act

Summary

529 Opening Paths To Invest in Our Nation's Students Act or the 529 OPTIONS Act This bill allows tax-free distributions from qualified tuition programs (known as 529 plans) to be used for certain expenses associated with registered apprenticeship programs. The bill expands the definition of "qualified higher education expenses" for which tax-free distributions are allowed to include (1) books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary in an apprenticeship program registered and certified with the Department of Labor; (2) child care at a licensed day care center, and transportation, in connection with such enrollment or attendance; and (3) costs associated with obtaining an industry certification or other credential in connection with an apprenticeship program.

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Timeline

1. 10 May 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 10 May 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 May 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 May 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 May 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 May 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 May 2019

  Open at official source

Sponsors

• Donald Norcross · D · Sponsor
• Rep. Kelly, Mike [R-PA-16] · R · Sponsor
• Daniel Kildee · D · Sponsor
• Rep. Dean, Madeleine [D-PA-4] · D · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• Rep. Carbajal, Salud O. [D-CA-24] · D · Cosponsor
• Anthony Brindisi · D · Cosponsor
• F. SENSENBRENNER · R · Cosponsor
• Rep. Smith, Adam [D-WA-9] · D · Cosponsor
• Ed Perlmutter · D · Cosponsor
• Christopher Smith · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Expanding Access to Apprenticeships Act