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

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 October 2018

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• Introduced in House (PDF)

  Introduced in House · EN · 2 October 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 October 2018

  Open at official source

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