This bill amends the Internal Revenue Code, with respect to qualified tuition programs (529 plans), to: (1) make permanent the allowance for payment of computer technology and equipment expenses from a 529 plan if such technology and equipment is to be used primarily by the plan beneficiary (currently, use is allowed by the beneficiary and the beneficiary's family); (2) eliminate the requirement that distributions to a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income; and (3) allow a tax-free recontribution to a 529 plan of amounts refunded to a student who withdraws from an educational institution if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2015-05-21 | Calendars | Placed on Senate Legislative Calendar under General Orders. Calendar No. 97. | Senate |
| 2015-05-21 | Committee | Committee on Finance. Reported by Senator Hatch with an amendment in the nature of a substitute. With written report No. 114-56. | Senate |
| 2015-04-29 | Committee | Committee on Finance. Ordered to be reported without amendment favorably. | Senate |
| 2015-02-02 | IntroReferral | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S698-699) | Senate |
| 2015-02-02 | IntroReferral | Introduced in Senate | Library of Congress |