To amend the Internal Revenue Code of 1986 to provide incentives for education.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill adds or tightens a compliance mandate, product standard, definition change provision: 2, expands a compliance mandate provision: 3. Increase in limitation on distributions from 529 plans for elementary and secondary school expenses Section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended, and expands a compliance mandate, definition change provision: 4. Gift tax exclusions Section 2503(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: The dollar amount. It relies on compliance mandates, definition changes, product standards, and tax credits. The main policy areas are Education.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Adds or tightens a compliance mandate, product standard, definition change provision: 2.
- Expands a compliance mandate provision: 3. Increase in limitation on distributions from 529 plans for elementary and secondary school expenses Section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended...
- Expands a compliance mandate, definition change provision: 4. Gift tax exclusions Section 2503(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: The dollar amount...
- Creates loosens a tax credit, compliance mandate, exemption provision: 5.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill adds or tightens a compliance mandate, product standard, definition change provision: 2, expands a compliance mandate provision: 3. Increase in limitation on distributions from 529 plans for elementary and secondary school expenses Section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended, and expands a compliance mandate, definition change provision: 4. Gift tax exclusions Section 2503(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: The dollar amount.
Key Policy Areas
Education
Primary Purpose
The bill adds or tightens a compliance mandate, product standard, definition change provision: 2, expands a compliance mandate provision: 3. Increase in limitation on distributions from 529 plans for elementary and secondary school expenses Section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended, and expands a compliance mandate, definition change provision: 4. Gift tax exclusions Section 2503(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: The dollar amount.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Burlison (for himself, Mr. Harris of Maryland, Mr. Mann, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology