Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to allow qualified distributions from section 529 education savings plans to be used for reasonable transportation (including parking) expenses to an eligible educational institution, limited to the institution's cost-of-attendance transportation allowance. It also permits 529 distributions for transportation and parking related to participation in qualifying apprenticeship programs.
Liberal emphasizes access for commuting and apprenticeship students
Relative to its intended legislative type, this bill is a narrowly scoped, legally specific amendment to the Internal Revenue Code that adds transportation (including parking) as a qualified 529 distribution expense subject to an institution-determined cost-of-attendance cap.
This bill amends the Internal Revenue Code to allow qualified distributions from section 529 education savings plans to be used for reasonable transportation (including parking) expenses to an eligible educational institution, limited to the institution's cost-of-attendance transportation allowance.
It also permits 529 distributions for transportation and parking related to participation in qualifying apprenticeship programs.
The changes apply to distributions made after enactment.
Technically modest, broadly appealing expansion of existing tax-preferred education benefits, though enactment hinges on legislative timing and budget scrutiny.
Relative to its intended legislative type, this bill is a narrowly scoped, legally specific amendment to the Internal Revenue Code that adds transportation (including parking) as a qualified 529 distribution expense subject to an institution-determined cost-of-attendance cap. The text specifies the statutory language changes and an effective date but omits fiscal acknowledgment, detailed administrative procedures, documentation standards, and explicit accountability mechanisms.
Liberal emphasizes access for commuting and apprenticeship students
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberal emphasizes access for commuting and apprenticeship students
Likely supportive as a targeted measure reducing barriers to education and apprenticeships for commuting students.
Sees modest expansion of 529-eligible expenses as helping working and low-income students, though notes 529 plans are more common among higher-income families.
Generally favorable as a limited, practical expansion of allowable 529 expenses that eases student costs.
Wants clear definitions, fiscal estimates, and administrative simplicity to prevent misuse.
Skeptical of expanding tax-advantaged benefits; views as further enlarging federal tax preferences that may favor higher-income families.
Worries about revenue loss and potential for expanded scope over time.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically modest, broadly appealing expansion of existing tax-preferred education benefits, though enactment hinges on legislative timing and budget scrutiny.
The bill has not accumulated any surfaced votes yet.
Liberal emphasizes access for commuting and apprenticeship students
Technically modest, broadly appealing expansion of existing tax-preferred education benefits, though enactment hinges on legislative timing…
Relative to its intended legislative type, this bill is a narrowly scoped, legally specific amendment to the Internal Revenue Code that adds transportation (including parking) as a qualified 529 distribution expense sub…
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