II 

117TH CONGRESS 

2D SESSION S. 4103 

To amend the Internal Revenue Code of 1986 to treat contributions to 

a qualified tuition program as qualified retirement savings contributions 

for purposes of the saver’s credit. 

IN THE SENATE OF THE UNITED STATES 

APRIL 28, 2022 

Ms. HASSAN (for herself and Ms. COLLINS) introduced the following bill; 

which was read twice and referred to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to treat contributions to a qualified tuition program as qualified 

retirement savings contributions for purposes of the saver’s credit. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Helping Parents Save 

5 for College Act of 2022’’. 


kjohnson on DSK79L0C42PROD with BILLS
2 

•S 4103 IS

1 SEC. 2. TREATMENT OF CONTRIBUTIONS TO QUALIFIED 

2 TUITION PROGRAM. 

3 (a) IN GENERAL.—Paragraph (1) of section 25B(d) 

4 of the Internal Revenue Code of 1986 is amended— 

5 (1) by striking ‘‘and’’ at the end of subpara6 graph (C), 

7 (2) by striking the period at the end of sub8 paragraph (D) and inserting ‘‘, and’’, and 

9 (3) by adding at the end the following new sub10 paragraph: 

11 ‘‘(E) the amount of any contributions 

12 made by such individual to any qualified tuition 

13 program (as defined in section 529(b)) of which 

14 the individual or a dependent of the individual 

15 is the designated beneficiary (as defined in sec16 tion 529(e)(1)).’’. 

17 (b) EFFECTIVE DATE.—The amendments made by 

18 this section shall apply to taxable years beginning after 

19 the date of the enactment of this Act. 

20 SEC. 3. SPECIAL ROLLOVER TO ROTH IRA FROM LONG21 TERM QUALIFIED TUITION PROGRAM. 

22 (a) IN GENERAL.—Paragraph (3) of section 529(c) 

23 of the Internal Revenue Code of 1986 is amended by add24 ing at the end the following new subparagraph: 


kjohnson on DSK79L0C42PROD with BILLS
3 

•S 4103 IS

1 ‘‘(E) SPECIAL ROLLOVER TO ROTH IRA

2 FROM LONG-TERM QUALIFIED TUITION PRO3 GRAM.—For purposes of this section— 

4 ‘‘(i) IN GENERAL.—In the case of a 

5 distribution from a qualified tuition pro6 gram which has been maintained by an ac7 count owner for the 10-year period ending 

8 on the date of such distribution— 

9 ‘‘(I) subparagraph (A) shall not 

10 apply to any portion of such distribu11 tion which, not later than 60 days 

12 after such distribution, is paid into a 

13 Roth IRA maintained for the benefit 

14 of such account owner or the des15 ignated beneficiary under such quali16 fied tuition program, and 

17 ‘‘(II) such portion shall be treat18 ed as a rollover contribution for pur19 poses of section 408A(e). 

20 ‘‘(ii) LIMITATION.—Clause (i) shall 

21 only apply to so much of any distribution 

22 as does not exceed the lesser of— 

23 ‘‘(I) the amount applicable to the 

24 account owner under section 

25 408A(c)(2) for the taxable year, or 


kjohnson on DSK79L0C42PROD with BILLS
4 

•S 4103 IS

1 ‘‘(II) the aggregate amount con2 tributed to the program (and earnings 

3 attributable thereto) before the 5-year 

4 period ending on the date of the dis5 tribution.’’. 

6 (b) QUALIFIED ROLLOVER CONTRIBUTION.—Para7 graph (1) of section 408A(e) of the Internal Revenue Code 

8 of 1986 is amended— 

9 (1) by striking ‘‘contribution—’’ and inserting 

10 ‘‘contribution to a Roth IRA—’’, 

11 (2) by striking ‘‘to a Roth IRA’’ in subpara12 graph (A), 

13 (3) by striking the period at the end of sub14 paragraph (B) and inserting ‘‘, or’’, and 

15 (4) by inserting after subparagraph (B) the fol16 lowing new subparagraph: 

17 ‘‘(C) from a qualified tuition program to 

18 the extent provided in section 529(c)(3)(E).’’. 

19 (c) EFFECTIVE DATE.—The amendments made by 

20 this section shall apply with respect to distributions in tax21 able years beginning after the date of the enactment of 

22 this Act. 

Æ 


kjohnson on DSK79L0C42PROD with BILLS