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MI HCR0008
Concurrent Resolution
Status
6/6/2017
Primary Sponsor
Joseph Bellino
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AI Summary
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Urges Congress to add transportation costs as a qualified education expense under Section 529 Qualified Tuition Programs, allowing tax-free withdrawals for this purpose.
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Notes that approximately 17 percent of families used 529 plan funds for college expenses in the 2014-2015 school year, demonstrating widespread use of these tax-advantaged savings accounts.
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Identifies that Michigan has over 400,000 community college students, the majority of whom commute to campus since only seven Michigan community colleges offer on-campus housing.
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Points out that 60 to 90 percent of students at Michigan's four-year universities live off-campus and incur transportation costs, making commuting a necessity for attending classes.
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Requires copies of the resolution be sent to the President of the U.S. Senate, Speaker of the U.S. House of Representatives, and Michigan's congressional delegation.
Legislative Description
A concurrent resolution to memorialize the Congress of the United States to include transportation costs as a qualified education expense under the Section 529 Qualified Tuition Program.
Congress of the United States
Last Action
Referred To Committee On Education
6/7/2017