ACE Act

Summary

Achieving Choice in Education Act or the ACE Act  This bill modifies provisions of qualified tuition programs (i.e., 529 plans) and provides other tax incentives to promote education.  Specifically, the bill expands the definition of qualified higher education expense to include tuition, books or instructional material, fees, and educational therapies for disabled students. It also increases to $20,000 the limitation on distributions from 529 plans for elementary and secondary school expenses.  Further, the bill provides for an increased gift tax exclusion for contributions to 529 plans and limits tax-exempt bond financing to states that implement school choice laws. 

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 December 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 December 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 December 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 December 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 December 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 December 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 December 2023

  Open at official source

Sponsors

• Eric Burlison · R · Sponsor
• John Carter · R · Sponsor
• Doug LaMalfa · R · Cosponsor
• Ralph Norman · R · Cosponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Cosponsor
• Tracey Mann · R · Cosponsor
• Rep. Harris, Andy [R-MD-1] · R · Cosponsor
• William Timmons · R · Cosponsor
• Mary Miller · R · Cosponsor
• Debbie Lesko · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → ACE Act
• related to → Student Empowerment Act
• related to → Student Empowerment Act