S.Amdt. 1608

SA 1608. Mr. GARDNER submitted an amendment intended to be proposed
by him to the bill H.R. 1, to provide for reconciliation pursuant to
titles II and V of the concurrent resolution on the budget for fiscal
year 2018; which was ordered to lie on the table; as follows:

At the end of part IV of subtitle A of title I, insert the
following:

SEC. 11033. CONSOLIDATION OF EDUCATION SAVINGS RULES.

(a) No New Contributions to Coverdell Education Savings
Account.--Section 530(b)(1)(A) is amended to read as follows:
``(A) Except in the case of rollover contributions, no
contribution will be accepted after December 31, 2017.''.
(b) Limited Distribution Allowed for Elementary and
Secondary Tuition.--
(1) In general.--Section 529(c) is amended by adding at the
end the following new paragraph:
``(7) Treatment of elementary and secondary tuition.--Any
reference in this subsection to the term `qualified higher
education expense' shall include a reference to expenses for
tuition in connection with enrollment at an elementary or
secondary school.''.
(2) Limitation.--Section 529(e)(3)(A) is amended by adding
at the end the following: ``The amount of cash distributions
from all qualified tuition programs described in subsection
(b)(1)(A)(ii) with respect to a beneficiary during any
taxable year shall, in the aggregate, include not more than
$10,000 in expenses for tuition incurred during the taxable
year in connection with the enrollment or attendance of the
beneficiary as an elementary or secondary school student at a
public, private, or religious school.''.
(c) Rollovers to Qualified Tuition Programs Permitted.--
Section 530(d)(5) is amended by inserting ``, or into (by
purchase or contribution) a qualified tuition program (as
defined in section 529),'' after ``into another Coverdell
education savings account''.
(d) Distributions From Qualified Tuition Programs for
Certain Expenses Associated With Registered Apprenticeship
Programs.--Section 529(e)(3) is amended by adding at the end
the following new subparagraph:
``(C) Certain expenses associated with registered
apprenticeship programs.--The term `qualified higher
education expenses' shall include books, supplies, and
equipment required for the enrollment or attendance of a
designated beneficiary in an apprenticeship program
registered and certified with the Secretary of Labor under
section 1 of the National Apprenticeship Act (29 U.S.C.
50).''.
(e) Effective Dates.--
(1) In general.--Except as otherwise provided in this
subsection, the amendments made by this section shall apply
to contributions made after December 31, 2017.
(2) Rollovers to qualified tuition programs.--The
amendments made by subsection (b) shall apply to
distributions after December 31, 2017.
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