H.R. 3574
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to permit qualified distributions from section 529 plans for certain transportation and parking expenses.
IN THE HOUSE OF REPRESENTATIVES · May 23, 2025 · Sponsor: Ms. McClellan · Committee: Committee on Ways and Means
Table of contents
SEC. 1. Qualified distributions from section 529 plans for certain transportation and parking expenses
- (a) In general
- of the Internal Revenue Code of 1986 is amended by striking at the end of clause (ii), by striking the period at the end of clause (iii) and inserting
, and, and by inserting after clause (iii) the following new clause: Section 529(e)(3)(A)- (iv) reasonable expenses for transportation (including parking) to such eligible educational institution, not in excess of the allowance (applicable to the student) for transportation included in the cost of attendance (as defined in section 472 of the Higher Education Act of 1965 (), as in effect on the date of the enactment of this clause) as determined by such eligible educational institution. 20 U.S.C. 1087ll
- of the Internal Revenue Code of 1986 is amended by striking at the end of clause (ii), by striking the period at the end of clause (iii) and inserting
- (b) Apprenticeship programs
- Section 529(c)(8) of such Code is amended by inserting before the period at the end.
- (c) Effective date
- The amendments made by this section shall apply to distributions made after the date of the enactment of this Act.