I 
117TH CONGRESS 
2D SESSION 
H. R. 8128 
To amend the Internal Revenue Code of 1986 to expand the uses for funds 
under qualified tuition programs, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 16, 2022 
Mr. SMUCKER introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to expand 
the uses for funds under qualified tuition programs, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. 529 ACCOUNT FUNDING FOR JOB TRAINING. 
(a) IN GENERAL.—Section 529(c)(8) of the Internal 
Revenue Code of 1986 is amended— 
(1) in the heading, by inserting ‘‘AND INDUS-
TRY
RECOGNIZED
APPRENTICESHIP
PROGRAMS’’ 
after ‘‘PROGRAMS’’, and 
(2) by striking the period at the end and insert-
ing ‘‘or an industry recognized apprenticeship pro-
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gram registered and certified by an eligible Stand-
ards Recognition Entity under part 29 of title 29, 
Code of Federal Regulations.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to funding contributed in taxable 
years beginning after the date of the enactment of this 
Act. 
SEC. 2. ACCOUNT FUNDING FOR SHORT TERM PROGRAMS. 
(a) IN GENERAL.—Section 529(e)(3)(A) of the Inter-
nal 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) expenses related to a career and 
technical education program (as such term 
is defined for purposes of section 3(6)(A) 
of the Carl D. Perkins Career and Tech-
nical Education Act of 2006 (20 U.S.C. 
2302(6)(A)) or a career pathway (as such 
term is defined in section 3 of the Work-
force Innovation and Opportunity Act (29 
U.S.C. 3102)).’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to funding in taxable years begin-
ning after the date of the enactment of this Act. 
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SEC. 3. MODIFICATIONS TO EXCISE TAX BASED ON INVEST-
MENT INCOME OF CERTAIN PRIVATE COL-
LEGES AND UNIVERSITIES. 
(a) IN GENERAL.—Section 4968(a) of the Internal 
Revenue Code of 1986 is amended by striking ‘‘1.4’’ and 
inserting ‘‘1.6’’. 
(b) EXEMPTION FOR EDUCATIONAL INSTITUTIONS 
THAT
DO
NOT
ACCEPT
FEDERAL
AID.—Section 
4968(b)(1) of such Code is amended by striking ‘‘and’’ 
at the end of subparagraph (C), by striking the period at 
the end of subparagraph (D) and inserting ‘‘, and’’, and 
by adding at the end the following new subparagraph: 
‘‘(E) which does not accept Federal aid, 
including Federal student financial assistance, 
under title IV of the Higher Education Act of 
1965 (20 U.S.C. 1070 et seq.).’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
Æ 
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