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US SB756
Bill
AI Summary
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Expands 529 education savings accounts to cover postsecondary credentialing expenses, including tuition, fees, books, supplies, equipment, testing fees, and continuing education fees for recognized credential programs
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Qualifies programs listed on State workforce development lists, Veterans Benefits Administration WEAMS directory, programs recognized by credential examination organizations, or programs identified by the Treasury Secretary in consultation with the Labor Secretary
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Defines recognized credentials to include industry-recognized certifications accredited by bodies like the Institute for Credentialing Excellence or National Commission on Certifying Agencies, credentials in the Department of Defense COOL directory, registered apprenticeship certificates, and state/federal occupational licenses
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Applies to distributions made after the date of enactment
Legislative Description
Freedom to Invest in Tomorrow’s Workforce Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
2/26/2025