Source: https://www.govinfo.gov/content/pkg/USCODE-2018-title26/html/USCODE-2018-title26-subtitleA-chap1-subchapF-partVIII-sec529.htm
Timestamp: 2020-05-27 14:56:50
Document Index: 780578769

Matched Legal Cases: ['§1806', '§211', '§1601', '§6004', '§1', '§319', '§402', '§1', '§417', '§207', '§406', '§412', '§1304', '§1005', '§105', '§302', '§11025', '§101', '§401', '§1070', '§101', '§11025', '§302', '§302', '§406', '§402', '§402', '§402', '§6004', '§6004', '§211', '§11025', '§11032', '§302', '§302', '§302', '§105', '§1005', '§211', '§1806', '§1601']

PART VIII - CERTAIN SAVINGS ENTITIES
Sec. 529 - Qualified tuition programs
The term "qualified tuition program" means a program established and maintained by a State or agency or instrumentality thereof or by 1 or more eligible educational institutions—
(A) under which a person—
Except as otherwise provided in this subsection, no amount shall be includible in gross income of—
Any contribution to a qualified tuition program on behalf of any designated beneficiary—
In the case of distributions not described in clause (i), if—
The total amount of qualified higher education expenses with respect to an individual for the taxable year shall be reduced—
Subparagraph (A) shall not apply to that portion of any distribution which, within 60 days of such distribution, is transferred—
The taxes imposed by chapters 12 and 13 shall apply to a transfer by reason of a change in the designated beneficiary under the program (or a rollover to the account of a new beneficiary) unless the new beneficiary is—
The term "designated beneficiary" means—
The term "member of the family" means, with respect to any designated beneficiary—
The term "qualified higher education expenses" means—
The amount treated as qualified higher education expenses by reason of clause (i) shall not exceed—
The term "eligible educational institution" means an institution—
(Added Pub. L. 104–188, title I, §1806(a), Aug. 20, 1996, 110 Stat. 1895; amended Pub. L. 105–34, title II, §211(a), (b), (d), (e)(2)(A), title XVI, §1601(h)(1)(A), (B), Aug. 5, 1997, 111 Stat. 810, 812, 1092; Pub. L. 105–206, title VI, §6004(c)(2), (3), July 22, 1998, 112 Stat. 793; Pub. L. 106–554, §1(a)(7) [title III, §319(5)], Dec. 21, 2000, 114 Stat. 2763, 2763A–646; Pub. L. 107–16, title IV, §402(a)(1)–(3), (4)(A), (C), (D), (b)(1), (c)–(g), June 7, 2001, 115 Stat. 60–63; Pub. L. 107–22, §1(b)(3)(C), July 26, 2001, 115 Stat. 197; Pub. L. 107–147, title IV, §417(11), Mar. 9, 2002, 116 Stat. 56; Pub. L. 108–311, title II, §207(21), title IV, §406(a), Oct. 4, 2004, 118 Stat. 1178, 1189; Pub. L. 109–135, title IV, §412(ee)(3), Dec. 21, 2005, 119 Stat. 2639; Pub. L. 109–280, title XIII, §1304(b), Aug. 17, 2006, 120 Stat. 1110; Pub. L. 111–5, div. B, title I, §1005(a), Feb. 17, 2009, 123 Stat. 316; Pub. L. 113–295, div. B, title I, §105(a), Dec. 19, 2014, 128 Stat. 4064; Pub. L. 114–113, div. Q, title III, §302(a)(1), (b)(1), (c)(1), Dec. 18, 2015, 129 Stat. 3086; Pub. L. 115–97, title I, §§11025(a), 11032(a), Dec. 22, 2017, 131 Stat. 2076, 2081; Pub. L. 115–141, div. U, title I, §101(l)(15), title IV, §401(a)(127), (128), Mar. 23, 2018, 132 Stat. 1165, 1190.)
The Higher Education Act of 1965, referred to in subsec. (e)(5), is Pub. L. 89–329, Nov. 8, 1965, 79 Stat. 1219. Title IV of the Act is classified generally to subchapter IV (§1070 et seq.) of chapter 28 of Title 20, Education. For complete classification of this Act to the Code, see Short Title note set out under section 1001 of Title 20 and Tables.
2018—Subsec. (c)(3)(B)(v). Pub. L. 115–141, §101(l)(15), substituted "American Opportunity" for "Hope" in heading.
2017—Subsec. (c)(3)(C)(i). Pub. L. 115–97, §11025(a), added subcl. (III) and inserted concluding provisions.
2015—Subsec. (c)(3)(D). Pub. L. 114–113, §302(c)(1), added subpar. (D).
Pub. L. 114–113, §302(b)(1), struck out subpar. (D). Text read as follows: "For purposes of applying section 72—
2014—Subsec. (b)(4). Pub. L. 113–295 substituted "Limited" for "No" in heading and "may, directly or indirectly, direct the investment of any contributions to the program (or any earnings thereon) no more than 2 times in any calendar year." for "may not directly or indirectly direct the investment of any contributions to the program (or any earnings thereon)." in text.
2009—Subsec. (e)(3)(A). Pub. L. 111–5 added cl. (iii) and concluding provisions.
2006—Subsec. (f). Pub. L. 109–280, which directed the addition of subsec. (f) to section 529, without specifying the act to be amended, was executed by making the addition to this section, which is section 529 of the Internal Revenue Code of 1986, to reflect the probable intent of Congress.
2005—Subsec. (c)(6). Pub. L. 109–135 substituted "Coverdell education savings account" for "education individual retirement account".
2004—Subsec. (c)(5)(B). Pub. L. 108–311, §406(a), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: "The taxes imposed by chapters 12 and 13 shall apply to a transfer by reason of a change in the designated beneficiary under the program (or a rollover to the account of a new beneficiary) only if the new beneficiary is a generation below the generation of the old beneficiary (determined in accordance with section 2651)."
2002—Subsec. (e)(3)(B)(i). Pub. L. 107–147 substituted "subsection (b)(6)" for "subsection (b)(7)".
2001—Pub. L. 107–16, §402(a)(4)(D), struck out "State" before "tuition" in section catchline.
Subsec. (b)(3) to (7). Pub. L. 107–16, §402(a)(3)(A), (4)(A), redesignated pars. (4) to (7) as (3) to (6), respectively, substituted "qualified tuition" for "qualified State tuition" wherever appearing, and struck out heading and text of former par. (3). Text read as follows: "A program shall not be treated as a qualified State tuition program unless it imposes a more than de minimis penalty on any refund of earnings from the account which are not—
Subsec. (c)(3)(C)(i). Pub. L. 107–16, §402(c)(1), substituted "transferred—" for "transferred", added subcl. (I), and designated existing provisions "to the credit" as subcl. (II).
2000—Subsec. (e)(3)(B). Pub. L. 106–554 struck out "under guaranteed plans" after "students" in heading.
1998—Subsec. (c)(3)(A). Pub. L. 105–206, §6004(c)(2), substituted "section 72" for "section 72(b)".
Subsec. (e)(2). Pub. L. 105–206, §6004(c)(3), reenacted heading without change and amended text of par. (2) generally. Prior to amendment, text read as follows: "The term 'member of the family' means—
1997—Subsec. (b)(5). Pub. L. 105–34, §211(b)(4), inserted "directly or indirectly" after "may not".
"(d) Reporting Requirements.—
"(1) In general.—If there is a distribution to any individual with respect to an interest in a qualified State tuition program during any calendar year, each officer or employee having control of the qualified State tuition program or their designee shall make such reports as the Secretary may require regarding such distribution to the Secretary and to the designated beneficiary or the individual to whom the distribution was made. Any such report shall include such information as the Secretary may prescribe.
"(2) Timing of reports.—Any report required by this subsection—
Pub. L. 115–97, title I, §11025(b), Dec. 22, 2017, 131 Stat. 2076, provided that: "The amendments made by this section [amending this section] shall apply to distributions after the date of the enactment of this Act [Dec. 22, 2017]."
Pub. L. 115–97, title I, §11032(b), Dec. 22, 2017, 131 Stat. 2082, provided that: "The amendments made by this section [amending this section] shall apply to distributions made after December 31, 2017."
Pub. L. 114–113, div. Q, title III, §302(a)(2), Dec. 18, 2015, 129 Stat. 3086, provided that: "The amendment made by this subsection [amending this section] shall apply to taxable years beginning after December 31, 2014."
Pub. L. 114–113, div. Q, title III, §302(b)(2), Dec. 18, 2015, 129 Stat. 3086, provided that: "The amendment made by this subsection [amending this section] shall apply to distributions after December 31, 2014."
Pub. L. 114–113, div. Q, title III, §302(c)(2), Dec. 18, 2015, 129 Stat. 3087, provided that:
"(A) In general.—The amendment made by this subsection [amending this section] shall apply with respect to refunds of qualified higher education expenses after December 31, 2014.
"(B) Transition rule.—In the case of a refund of qualified higher education expenses received after December 31, 2014, and before the date of the enactment of this Act [Dec. 18, 2015], section 529(c)(3)(D) of the Internal Revenue Code of 1986 (as added by this subsection) shall be applied by substituting 'not later than 60 days after the date of the enactment of this subparagraph [Dec. 18, 2015]' for 'not later than 60 days after the date of such refund'."
Pub. L. 113–295, div. B, title I, §105(b), Dec. 19, 2014, 128 Stat. 4064, provided that: "The amendments made by this section [amending this section] shall apply to taxable years beginning after December 31, 2014."
Pub. L. 111–5, div. B, title I, §1005(b), Feb. 17, 2009, 123 Stat. 316, provided that: "The amendments made by this section [amending this section] shall apply to expenses paid or incurred after December 31, 2008."
Pub. L. 105–34, title II, §211(f), Aug. 5, 1997, 111 Stat. 812, provided that:
"(1) In general.—Except as otherwise provided in this subsection, the amendments made by this section [amending this section and sections 135 and 6693 of this title] shall take effect on January 1, 1998.
"(2) Expenses to include room and board.—The amendment made by subsection (a) shall take effect as if included in the amendments made by section 1806 of the Small Business Job Protection Act of 1996 [Pub. L. 104–188].
"(3) Eligible educational institution.—The amendment made by subsection (b)(2) [amending this section] shall apply to distributions after December 31, 1997, with respect to expenses paid after such date (in taxable years ending after such date), for education furnished in academic periods beginning after such date.
"(4) Coordination with education savings bonds.—The amendment made by subsection (c) [amending section 135 of this title] shall apply to taxable years beginning after December 31, 1997.
"(5) Estate and gift tax changes.—
"(A) Gift tax changes.—Paragraphs (2) and (5) of section 529(c) of the Internal Revenue Code of 1986, as amended by this section, shall apply to transfers (including designations of new beneficiaries) made after the date of the enactment of this Act [Aug. 5, 1997].
"(B) Estate tax changes.—Paragraph (4) of such section 529(c) shall apply to estates of decedents dying after June 8, 1997.
"(6) Transition rule for pre-august 20, 1996 contracts.—In the case of any contract issued prior to August 20, 1996, section 529(c)(3)(C) of the Internal Revenue Code of 1986 shall be applied for taxable years ending after August 20, 1996, without regard to the requirement that a distribution be transferred to a member of the family or the requirement that a change in beneficiaries may be made only to a member of the family."
Pub. L. 104–188, title I, §1806(c), Aug. 20, 1996, 110 Stat. 1898, as amended by Pub. L. 105–34, title XVI, §1601(h)(1)(C), Aug. 5, 1997, 111 Stat. 1092, provided that:
"(1) In general.—The amendments made by this section [enacting this section and amending section 135 of this title] shall apply to taxable years ending after the date of the enactment of this Act [Aug. 20, 1996].
"(2) Transition rule.—If—
"(B) such program meets the requirements of a qualified State tuition program before the later of—