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H.R. 6767

Referred to Committee

To amend the Internal Revenue Code of 1986 to allow qualified education loan repayments from section 529 plans.

Introduced 9/10/2018•115th Congress•House

Latest Action

Referred to the House Committee on Ways and Means.

9/10/2018 • House

Summary

This bill amends the Internal Revenue Code to allow qualified tuition programs (known as 529 plans) to be used to repay qualified education loans. The bill allows up to $10,000 in distributions from a 529 plan to be used to pay the principal or interest on a qualified education loan of the designated beneficiary or a sibling of the beneficiary.

Introduced in House • 9/10/2018

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Topics & Subjects

Policy Area: Taxation
Bank accounts, deposits, capitalHigher educationIncome tax deductionsIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costs

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (1)

Sponsor

R[
Rep. Paulsen, Erik [R-MN-3]

Republican • MN-3

Sponsored 9/10/2018

No cosponsors yet

Cosponsors may be added as the bill moves through Congress

Bill Journey

Originated in the House

Introduced

September 10, 2018

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House9/10/2018

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors0