To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.

Summary

This bill allows a tax deduction for contributions to a qualified tuition program (known as 529 plans) up to $10,000 in a taxable year. Taxpayers whose adjusted gross income exceeds $200,000 in a taxable year are not eligible for the deduction. 

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

Timeline

1. 12 June 2024

   Introduced

   Introduced in House

   Source: IntroReferral

2. 12 June 2024

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 12 June 2024

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 12 June 2024 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 June 2024

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 12 June 2024

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 12 June 2024

  Open at official source

Sponsors

• Rep. Gottheimer, Josh [D-NJ-5] · D · Sponsor
• John James · R · Sponsor
• · hswm00 · Standing

Related records

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