Student Empowerment Act

Hozzl · 2023-12-15T16:05:25Z

Explore the details of Senate Bill 57 Student Empowerment Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:05 PM

Congressional Summary of S 57

Student Empowerment Act

This bill allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for additional educational expenses in connection with enrollment or attendance at an elementary or secondary school.

(Under current law, distributions in connection with an elementary or secondary school are limited to tuition for a public, private, or religious school.) The bill allows the distributions to be used for additional educational expenses, including

curriculum and curricular materials,
books or other instructional materials,
online educational materials,
tutoring or educational classes outside the home,
testing fees,
fees for dual enrollment in an institution of higher education, and
educational therapies for students with disabilities.

Distributions may also be used for tuition and the purposes above in connection with a homeschool (whether treated as a homeschool or a private school under state law).

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Current Status of Bill S 57

Bill S 57 is currently in the status of Bill Introduced since January 24, 2023. Bill S 57 was introduced during Congress 118 and was introduced to the Senate on January 24, 2023. Bill S 57's most recent activity was Read twice and referred to the Committee on Finance. as of January 24, 2023