Credentialing expenses are brought within qualified higher education expenses
What the document says“The term `qualified higher education expenses' includes qualified postsecondary credentialing expenses (as defined in subsection (f)).”
The section adds a new subparagraph (C) to section 529(e)(3) of the Internal Revenue Code of 1986 bringing qualified postsecondary credentialing expenses within the term qualified higher education expenses.
What the document actually says“The term `qualified higher education expenses' includes qualified postsecondary credentialing expenses (as defined in subsection (f)).”
The term now takes in the cost of getting a job credential. The next part says what that covers.
A credential is a license, certificate or the like. Before this the account paid only for school. Now it may pay for these too.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.