Bill · H.R. 3574· House(119-HR-3574)
To amend the Internal Revenue Code of 1986 to permit qualified distributions from section 529 plans for certain transportation and parking expenses.
- Introduced
- 5/23/2025
- Last activity
- 5/23/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Jennifer McClellan
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill aims to amend the Internal Revenue Code of 1986. It proposes to allow qualified distributions from section 529 plans to cover certain transportation and parking expenses. These changes would apply to costs associated with attending an eligible educational institution. Additionally, the bill would include reasonable transportation and parking expenses for participation in apprenticeship programs. These amendments would take effect for distributions made after the date the Act is enacted.
Yes· 3 of 7
Would students be better off under this?+5
Students benefit from the ability to use 529 funds for transportation and parking costs.
Does this make college cost less?+5
The bill lowers the effective cost of higher education by allowing 529 funds to cover transportation and parking.
Would people in their twenties and thirties be better off under this?+4
Young adults in higher education or apprenticeships benefit from expanded 529 fund usability.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased flexibility for educational expenses: The bill allows for reasonable expenses for transportation and parking to be covered by section 529 plans, provided they do not exceed the allowance determined by the educational institution (Section 1(a)).
-
Support for apprenticeship participants: The bill expands the use of these funds to include reasonable transportation and parking expenses specifically in connection with participating in apprenticeship programs (Section 1(b)).
Potential Negative Impacts for People
- No specific negative impacts or burdens are mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Students+5Good For Young Adults+4Good For Low Income Households+3Good For Middle Class Households+3Good For High Income Households+1
- Education And Technology
- Improves College Affordability+5
- Economy And Finance
- Reduces Middle Class Taxes+3
- 5/23/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Linda SánchezDemocrat · California