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MI HCR0008

Concurrent Resolution

Status

Engrossed

6/6/2017

Primary Sponsor

Joseph Bellino

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Origin

House of Representatives

99th Legislature

AI Summary

  • Urges Congress to add transportation costs as a qualified education expense under Section 529 Qualified Tuition Programs, allowing tax-free withdrawals for this purpose.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Education6/7/2017
Workforce And Talent Development5/24/2017

Full Bill Text

No bill text available