529 OPTIONS Act

I 116TH CONGRESS 1ST SESSION H. R. 2679 To amend the Internal Revenue Code of 1986 to allow tax free distributions from section 529 college savings plans for certain expenses associated with registered apprenticeship programs. IN THE HOUSE OF REPRESENTATIVES MAY 10, 2019 Mr. NORCROSS (for himself, Mr. KELLY of Pennsylvania, Mr. KILDEE, and Ms. DEAN) introduced the following bill; which was referred to the Com- mittee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow tax free distributions from section 529 college savings plans for certain expenses associated with registered appren- ticeship programs. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘529 Opening Paths 4 To Invest in Our Nation’s Students Act’’ or the ‘‘529 OP- 5 TIONS Act’’. 6 VerDate Sep 11 2014 19:03 May 21, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2679.IH H2679 pamtmann on DSKBFK8HB2PROD with BILLS 2 •HR 2679 IH SEC. 2. DISTRIBUTIONS FROM QUALIFIED TUITION PRO- 1 GRAMS FOR CERTAIN EXPENSES ASSOCIATED 2 WITH REGISTERED APPRENTICESHIP PRO- 3 GRAMS. 4 (a) IN GENERAL.—Section 529(e)(3) of the Internal 5 Revenue Code of 1986 is amended by adding at the end 6 the following new subparagraph: 7 ‘‘(C) CERTAIN EXPENSES ASSOCIATED 8 WITH REGISTERED APPRENTICESHIP PRO- 9 GRAMS.—The term ‘qualified higher education 10 expenses’ shall include— 11 ‘‘(i) books, supplies, and equipment 12 required for the enrollment or attendance 13 of a designated beneficiary in an appren- 14 ticeship program registered and certified 15 with the Secretary of Labor under section 16 1 of the National Apprenticeship Act (29 17 U.S.C. 50), 18 ‘‘(ii) child care at a licensed day care 19 center, and transportation, in connection 20 with such enrollment or attendance, and 21 ‘‘(iii) costs associated with obtaining 22 an industry certification, or other type of 23 credential, in connection with such enroll- 24 ment or attendance or in connection with 25 the completion of such program.’’. 26 VerDate Sep 11 2014 19:03 May 21, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2679.IH H2679 pamtmann on DSKBFK8HB2PROD with BILLS 3 •HR 2679 IH (b) EFFECTIVE DATE.—The amendment made by 1 this section shall apply to expenses paid or incurred after 2 the date of the enactment of this Act, in taxable years 3 ending after such date. 4 Æ VerDate Sep 11 2014 19:03 May 21, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H2679.IH H2679 pamtmann on DSKBFK8HB2PROD with BILLS