ed by inserting after section 529A the following new sec-
tion: 
‘‘SEC. 529B. JUMPSTART PROGRAM. 
‘‘(a) IN GENERAL.—A Jumpstart Program shall be 
exempt from taxation under this subtitle. Notwithstanding 
the preceding sentence, such program shall be subject to 
the taxes imposed by section 511 (relating to imposition 
of tax on unrelated business income of charitable organiza-
tions). 
‘‘(b) JUMPSTART PROGRAM.—For purposes of this 
section— 
‘‘(1) IN GENERAL.—The term ‘Jumpstart Pro-
gram’ means a program established and maintained 
by a State or agency or instrumentality thereof 
under which a person may make contributions to an 
account which is established for the purpose of meet-
ing the qualified occupation, profession, or trade ex-
penses of the designated beneficiary of the account. 
‘‘(2) ADDITIONAL REQUIREMENTS.—A program 
shall not be treated as a Jumpstart Program unless 
such program meets rules similar to the rules of 
paragraphs (2), (3), (4), (5), and (6) of section 
529(b). 
‘‘(c) QUALIFIED
OCCUPATION, PROFESSION, OR 
TRADE EXPENSES.—For purposes of this section, the 
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term ‘qualified occupation, profession, or trade expenses’ 
means— 
‘‘(1) expenses in connection with completing an 
apprenticeship program registered and certified with 
the Department of Labor, as provided in the Act of 
August 16, 1937 (commonly known as the ‘National 
Apprenticeship Act’; 50 Stat. 664, chapter 663; 29 
U.S.C. 50 et seq.), 
‘‘(2) tuition, fees, books, supplies, and equip-
ment required for the enrollment or attendance of a 
designated beneficiary in an associate degree or cer-
tification program at a community and technical col-
lege, 
‘‘(3) fees for required certification or licensure 
for the beneficiary to practice a trade or occupation, 
‘‘(4) amounts paid or incurred for the purchase 
of tools and equipment acquired by the individual in 
the normal course of the practice of a trade or occu-
pation, and 
‘‘(5) costs incurred by the beneficiary that are 
necessary to establish a business in a State in which 
the beneficiary will practice an occupation or profes-
sion when the costs are exclusively paid or incurred 
for the purpose of establishing and operating such 
business. 
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‘‘(d) TAX
TREATMENT
OF
DESIGNATED
BENE-
FICIARIES AND CONTRIBUTORS.—For purposes of this 
section, rules similar to the rules of paragraphs (1), (2), 
(3), (4), and (5) of section 529(c) shall apply to Jumpstart 
Accounts in the same manner as applied to qualified tui-
tion programs described in section 529(b)(1)(A)(ii). 
‘‘(e) DESIGNATED BENEFICIARY.—The term ‘des-
ignated beneficiary’ means— 
‘‘(1) the individual designated at the commence-
ment of participation in the Jumpstart Program as 
the beneficiary of amounts paid (or to be paid) to 
the program, and 
‘‘(2) in the case of a change in beneficiaries 
under rules similar to the rules of section 
529(c)(3)(C), the individual who is the new bene-
ficiary. 
‘‘(f) REPORTS.—Each officer or employee having con-
trol of the Jumpstart Program or their designee shall 
make such reports regarding such program to the Sec-
retary and to designated beneficiaries with respect to con-
tributions, distributions, and such other matters as the 
Secretary may require. The reports required by this para-
graph shall be filed at such time and in such manner and 
furnished to such individuals at such time and in such 
manner as may be required by the Secretary.’’. 
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(b) ROLLOVER FROM QUALIFIED TUITION PRO-
GRAMS.—Section 529(c)(3)(C)(i) of such Code is amended 
by striking ‘‘or’’ at the end of subclause (II), by striking 
the period at the end of subclause (III) and inserting ‘‘, 
or’’, and by inserting after subclause (III) the following 
new subclause: 
‘‘(IV) to a Jumpstart Program 
(as defined in section 529B(b)(1)) of 
the designated beneficiary or a mem-
ber of the family of the designated 
beneficiary.’’. 
(c) FAILURE
TO
PROVIDED
REPORTS.—Section 
6693(a)(2) of such Code is amended by redesignating sub-
paragraphs (F) and (G) as subparagraphs (G) and (E), 
respectively, and by inserting after subparagraph (E) the 
following new subparagraph: 
‘‘(F) 
section 
529B(f) 
(relating 
to 
Jumpstart Program),’’. 
(d) CLERICAL AMENDMENT.—The table of sections 
for part VIII of subchapter F of chapter 1 is amended 
by inserting after the item relating to section 529A the 
following new item: 
‘‘Sec. 529B. Jumpstart Program.’’. 
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(e) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
December 31, 2025. 
Æ 
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