Section 1 Short title
This Act may be cited as the “Application Fees as Eligible Expenses Act” or the “Application FEES Act”.
Application Fees as Eligible Expenses Act
A BILL
To amend the Internal Revenue Code of 1986 to permit fees for admissions applications to higher education institutions to be paid from a 529 plan, and for other purposes.
Sec. 2 Payment from 529 plan of fees for admissions applications to higher education institutions
In general— Section 529(e)(3)(A) of the Internal Revenue Code of 1986 is amended by striking “and” at the end of clause (ii), by striking the period at the end of clause (iii) and inserting “, and”, and by inserting after clause (iii) the following new clause:
“(iv) fees required of the beneficiary to apply for admission to any eligible educational institution.”
Effective date— The amendments made by this section shall apply to distributions made after the date of the enactment of this Act.