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House Bill 7021
115th Congress(2017-2018)
To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses.
Introduced
Introduced
Introduced in House on Oct 2, 2018
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Introduced in House 
Oct 2, 2018
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Introduced in House(Oct 2, 2018)
Oct 2, 2018
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 7021 (Introduced-in-House)


115th CONGRESS
2d Session
H. R. 7021


To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses.

IN THE HOUSE OF REPRESENTATIVES

October 2, 2018

Mr. Paulsen (for himself and Mr. Coffman) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Distributions from 529 plans for certain early education expenses.

(a) In general.—Section 529(e)(3) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:

“(C) SPECIAL RULES PERMITTING LIMITED TREATMENT OF QUALIFIED EARLY EDUCATION EXPENSES.—

“(i) IN GENERAL.—Except as provided in clause (ii), qualified early education expenses shall be treated as qualified higher education expenses.

“(ii) LIMITATION.—If the aggregate amount of cash distributions from all qualified tuition programs described in subsection (b)(1)(A)(ii) with respect to a beneficiary for qualified early education expenses during any taxable year exceeds $10,000, such excess shall be treated for purposes of subsection (c)(3) as distributions in excess of the qualified higher education expenses of the beneficiary.

“(iii) QUALIFIED EARLY EDUCATION EXPENSES.—For purposes of this subparagraph, the term ‘qualified early education expenses’ means expenses for providing educational and other care to a child under age 5 (including childcare provided before and after school), as determined under the law of the State, pursuant to attendance at a school or facility licensed in the State for such purpose.”.

(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2018.