118th Congress · HOUSE BILLBILL

H.R. 1477 — Freedom To Invest in Tomorrow's Workforce Act

“To amend the Internal Revenue Code of 1986 to permit certain expenses associated with obtaining or maintaining recognized postsecondary credentials to be treated as qualified higher education expenses for purposes of 529 accounts.”

Taxation

Introduced Mar 8, 2023

Last action Mar 8, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 8, 2023

Step 2

Referred

Mar 8, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows the use of funds in a qualified tuition program (commonly known as a 529 account) to pay for expenses associated with obtaining or maintaining recognized postsecondary credentials.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 8, 2023

Introduced in House

Mar 8, 2023

Referred to the House Committee on Ways and Means.