PlainBillCongress, translated.Legislation. Context. Public interest.Placed on Senate Legislative Calendar under General Orders. Calendar No. 97.
Congressional Research Service
Version 01 · Reported to Senate with amendment(s) · May 21, 2015
(Sec. 2) This section amends the Internal Revenue Code to modify the types of higher education expenses that may be paid from a qualified tuition program (known as a 529 plan) to include expenses for the purchase of computer or peripheral equipment and computer software. This amendment applies to taxable years beginning after December 31, 2014.
(Sec. 3) This section repeals, after 2014, the provision of the Internal Revenue Code that requires 529 plan accounts to be aggregated for purposes of calculating the amount of distributions that are includible in taxpayer income.
(Sec. 4) This section amends the Internal Revenue Code to provide that a 529 plan beneficiary who receives a refund of higher education expenses after 2014 will not be required to include the amount of such refund in income for tax purposes if such beneficiary recontributes the refunded amount to the 529 plan within 60 days of receiving the refund and the recontribution does not exceed the refunded amount.
People & committees
Sen. Grassley, Chuck [R-IA] · R–IA
Legislative record
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 97.
Committee on Finance. Reported by Senator Hatch with an amendment in the nature of a substitute. With written report No. 114-56.
Committee on Finance. Reported by Senator Hatch with an amendment in the nature of a substitute. With written report No. 114-56.
Committee on Finance. Ordered to be reported without amendment favorably.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S698-699)
Introduced in Senate
Primary sources
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Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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