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119-hr-3574119th CongressWALLET

To amend the Internal Revenue Code of 1986 to permit qualified distributions from section 529 plans for certain transportation and parking expenses.

Sponsored By: Representative McClellan, Jennifer L. [D-VA-4]

Introduced

Summary

Allows 529 plans to pay for student transportation and parking. This bill would expand qualified distributions from Section 529 college savings plans to include reasonable transportation expenses, including parking, to attend an eligible educational institution. Distributions could not exceed the student's transportation allowance in the institution's cost of attendance as defined in section 472 of the Higher Education Act, as in effect on the date of enactment, and as determined by the institution. It would also permit such transportation distributions for participation in apprenticeship programs and would apply to distributions made after enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

529 plans could cover travel and parking

If enacted, you could use 529 money for reasonable transportation and parking to get to college or an apprenticeship. For college, the amount would be capped at your school's transportation allowance in its cost of attendance, as defined by current law and set by the school. For apprenticeships, reasonable transportation and parking tied to participation would also qualify. These changes would apply only to distributions made after the law is enacted.

Sponsors & CoSponsors

Sponsor

McClellan, Jennifer L. [D-VA-4]

VA • D

Cosponsors

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 5/23/2025

Roll Call Votes

No roll call votes available for this bill.

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