The bill would let people use money from qualified tuition programs, such as 529 plans, for tuition, fees, books, supplies, and equipment required for certain aviation maintenance and commercial pilot courses. The courses must meet specified federal aviation training rules. The change would apply to distributions made after the bill becomes law.
If enacted, a qualified tuition program beneficiary could use distributions for eligible expenses at a qualifying aviation maintenance school or flight school. The bill has been referred to the Senate Finance Committee.
No publicly available information about the total costs or tax effects. The bill lists tuition, fees, books, supplies, and required equipment as eligible expenses.
No publicly available information.
No publicly available information.