US Congress Senate Bill 220 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-01-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for apprenticeship programs, early education expenses for children under the age of 5, career and technical education programs, and industry intermediary education programs. The bill also allows employers to make contributions to an employee's 529 plan as a fringe benefit that is excluded from the gross income of the employee. The contributions per employee may not exceed $500 per year (adjusted for inflation after 2020) and must be made in connection with a payroll deduction contribution program.

529 Expansion and Modernization Act of 2019

Sen. Cory Gardner [R-CO]

Date	Chamber	Action
2019-01-24	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/220/all-info
Text	https://www.congress.gov/116/bills/s220/BILLS-116s220is.pdf