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To amend the Internal Revenue Code of 1986 to expand the coverage of qualified tuition programs and increase the limitation on contributions to Coverdell education savings accounts.

USA115th CongressHR-675| House 
| Updated: 1/24/2017
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (1)
Andy Harris (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Empowering Parents to Invest in Choice Act of 201 7 This bill amends the Internal Revenue Code to allow the payment of qualified elementary and secondary education expenses from a tax-exempt qualified tuition program (known as a 529 plan). (Currently, such plans only pay qualified higher education expenses.) Included as qualified elementary and secondary education expenses are expenses for: (1) tuition, fees, academic tutoring, special needs services, books, and supplies; (2) room and board, uniforms, transportation, and supplementary items and services; and (3) and computer technology or equipment, including Internet access. The bill also increases from $2,000 to $12,000 the limit on the amount that may be contributed to a tax-exempt Coverdell education savings account. The new contribution limit is adjusted for inflation in each taxable year beginning after 2014.
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Timeline
Jan 24, 2017
Introduced in House
Jan 24, 2017
Referred to the House Committee on Ways and Means.
  • January 24, 2017
    Introduced in House


  • January 24, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Elementary and secondary educationHigher educationIncome tax exclusionInflation and pricesStudent aid and college costs

To amend the Internal Revenue Code of 1986 to expand the coverage of qualified tuition programs and increase the limitation on contributions to Coverdell education savings accounts.

USA115th CongressHR-675| House 
| Updated: 1/24/2017
Empowering Parents to Invest in Choice Act of 201 7 This bill amends the Internal Revenue Code to allow the payment of qualified elementary and secondary education expenses from a tax-exempt qualified tuition program (known as a 529 plan). (Currently, such plans only pay qualified higher education expenses.) Included as qualified elementary and secondary education expenses are expenses for: (1) tuition, fees, academic tutoring, special needs services, books, and supplies; (2) room and board, uniforms, transportation, and supplementary items and services; and (3) and computer technology or equipment, including Internet access. The bill also increases from $2,000 to $12,000 the limit on the amount that may be contributed to a tax-exempt Coverdell education savings account. The new contribution limit is adjusted for inflation in each taxable year beginning after 2014.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 24, 2017
Introduced in House
Jan 24, 2017
Referred to the House Committee on Ways and Means.
  • January 24, 2017
    Introduced in House


  • January 24, 2017
    Referred to the House Committee on Ways and Means.
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (1)
Andy Harris (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Elementary and secondary educationHigher educationIncome tax exclusionInflation and pricesStudent aid and college costs