Section 1 Short title
This Act may be cited as the “Helping Parents Educate Children During the Coronavirus Pandemic”.
Helping Parents Educate Children During the Coronavirus Pandemic
A BILL
To amend the Internal Revenue Code of 1986 to permit kindergarten through grade 12 educational expenses to be paid from a 529 account during the Coronavirus Emergency Period.
Sec. 2 529 account funding for homeschool and additional elementary and secondary expenses during the coronavirus emergency period
In general— Section 529(c)(7) of the Internal Revenue Code of 1986 is amended to read as follows:
“(7) Treatment of elementary and secondary tuition—Any reference in this section to the term qualified higher education expense shall include a reference to the following expenses in connection with enrollment or attendance at, or for students enrolled at or attending, an elementary or secondary public, private, or religious school:
“(A) Tuition.
“(B) Curriculum and curricular materials.
“(C) Books or other instructional materials.
“(D) Online educational materials.
“(E) Tuition for tutoring or educational classes outside of the home, including at a tutoring facility, but only if the tutor or instructor is not related to the student and—
“(i) is licensed as a teacher in any State,
“(ii) has taught at an eligible educational institution, or
“(iii) is a subject matter expert in the relevant subject.
“(F) Fees for a nationally standardized norm-referenced achievement test, an advanced placement examination, or any examinations related to college or university admission.
“(G) Fees for dual enrollment in an institution of higher education.
“(H) Educational therapies for students with disabilities provided by a licensed or accredited practitioner or provider, including occupational, behavioral, physical, and speech-language therapies.”
Effective date— The amendment made by this section shall apply to distributions made after the date of the enactment of this Act.
Sec. 3 Rollovers from certain retirement plans
In the case of a distribution from an eligible retirement plan described in clause (i), (ii), or (iii) of section 402(c)(8)(B) of the Internal Revenue Code of 1986 after February 29, 2020, and before January 1, 2021—
section 72(t) of such Code shall not apply to such distribution;
such distribution shall be treated as meeting the requirements of section 401(k)(2)(B)(i), if applicable; and
such distribution shall be treated as having been contributed in a direct trustee-to-trustee transfer within 60 days of the distribution for purposes of section 401(a)(31) or 408(d)(3), whichever is applicable, if