To amend the Internal Revenue Code of 1986 to increase and provide an inflation adjustment for the limitation on distributions from qualified tuition programs that may be used for elementary and secondary tuition.
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 requires increase on limitation on expenses used for elementary and secondary tuition The last sentence of section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $10,000 and inserting $12,000. It relies on definition changes, tax rate changes, and compliance mandates. The main policy areas are Regulated Industries.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Regulated entities and members of the public affected by the bill would take on compliance duties.
Key Provisions
- Requires increase on limitation on expenses used for elementary and secondary tuition The last sentence of section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $10,000 and inserting $12,000.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires increase on limitation on expenses used for elementary and secondary tuition The last sentence of section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $10,000 and inserting $12,000.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill requires increase on limitation on expenses used for elementary and secondary tuition The last sentence of section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $10,000 and inserting $12,000.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Kennedy introduced the following bill; which was read twice …
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?
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