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Provide for reconciliation pursuant to title II of H. Con. Res. 14Section 70414 › Proposal

Course costs, test fees and continuing education all count

To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70414, Sec. 70414. Written by .

Course costs, test fees and continuing education all count

The document says “meansWho acts: CongressHow: statuteSec. 70414 in the PDF
What the document says

“fees for testing if such testing is required to obtain or maintain a recognized postsecondary credential, and”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70414

The section adds a new subsection (f) to section 529 of the Internal Revenue Code of 1986 defining qualified postsecondary credentialing expenses as tuition, fees, books, supplies and equipment required for the beneficiary's enrollment or attendance in a recognized postsecondary credential program, or any other expense that would be covered under subsection (e)(3)(A) if incurred at an eligible educational institution; fees for testing required to get or keep a recognized postsecondary credential; and fees for continuing education required to keep one.

What the document actually says

“fees for testing if such testing is required to obtain or maintain a recognized postsecondary credential, and”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70414
That sentence, in plain words

Test fees count if the test is needed for the credential. That covers getting one and keeping one.

What this is about

Course costs and gear count too. So does training needed to keep a credential. The list sits in one new part of the tax code.

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