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SENATE 426118th CongressSubmitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S5152; text: CR S5148-5149)

A resolution designating November 4, 2023, as "National Bison Day".

Last Action
10/24/2023

Actions

  • 2023-02-15Read twice and referred to the Committee on Finance.
  • 2023-02-15Introduced in Senate

CRS Summary

As of 2023-02-15 (00)

Inflation-Adjusted Education Investment Act

This bill modifies provisions relating to qualified tuition programs (i.e., tax-exempt 529 plans). Specifically, it increases from $10,000 to $12,000 the limitation under such programs on payments for educational expenses, including expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. The bill provides for an annual inflation adjustment to the increased limitation amount for taxable years beginning after 2023.

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