A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.

Summary

This bill amends the Internal Revenue Code, with respect to qualified tuition programs (529 plans), to: (1) make permanent the allowance for payment of computer technology and equipment expenses from a 529 plan if such technology and equipment is to be used primarily by the plan beneficiary (currently, use is allowed by the beneficiary and the beneficiary's family); (2) eliminate the requirement that distributions to a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income; and (3) allow a tax-free recontribution to a 529 plan of amounts refunded to a student who withdraws from an educational institution if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 21 May 2015

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• Reported to Senate (PDF)

  Reported to Senate · EN · 21 May 2015

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• Reported to Senate with amendment(s)

  summary · EN · 21 May 2015

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• Introduced in Senate (text)

  Introduced in Senate · EN · 2 February 2015

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 February 2015

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• Introduced in Senate

  summary · EN · 2 February 2015

  Open at official source

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