118th Congress Taxation
H.R. 6795: ACE Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill modifies provisions of qualified tuition programs (i.e., 529 plans) and provides other tax incentives to promote education.
Specifically, the bill expands the definition of qualified higher education expense to include tuition, books or instructional material, fees, and educational therapies for disabled students. It also increases to $20,000 the limitation on distributions from 529 plans for elementary and secondary school expenses.
Further, the bill provides for an increased gift tax exclusion for contributions to 529 plans and limits tax-exempt bond financing to states that implement school choice laws.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- John Carter R-TXOriginal
- Doug LaMalfa R-CA
- Ralph Norman R-SC
- Tracey Mann R-KS
- Randy Weber R-TX
- Andy Harris R-MD
- William Timmons R-SC
- Mary Miller R-IL
- Debbie Lesko R-AZ
Who scored on this bill
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Other bills by Eric Burlison
History
- Introduced in the House by Eric Burlison.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.