S. 335: A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.

114th Congress · introduced 2015-02-02 · Taxation · Latest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 97.

federal

Follow this bill, step by step

Where it came from: introduced 2015-02-02 · official record
Who proposed it: Sen. Grassley, Chuck [R-IA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Placed on Senate Legislative Calendar under General Orders. Calendar No. 97. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.

Plain summary

(Sec. 2) This section amends the Internal Revenue Code to modify the types of higher education expenses that may be paid from a qualified tuition program (known as a 529 plan) to include expenses for the purchase of computer or peripheral equipment and computer software. This amendment applies to taxable years beginning after December 31, 2014. (Sec. 3) This section repeals, after 2014, the provision of the Internal Revenue Code that requires 529 plan accounts to be aggregated for purposes of calculating the amount of distributions that are includible in taxpayer income. (Sec. 4) This section amends the Internal Revenue Code to provide that a 529 plan beneficiary who receives a refund of higher education expenses after 2014 will not be required to include the amount of such refund in income for tax purposes if such beneficiary recontributes the refunded amount to the 529 plan within 60 days of receiving the refund and the recontribution does not exceed the refunded amount.

Congressional Research Service summary (Reported to Senate with amendment(s)), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

A bill to amend the Internal Revenue Code of 1986 to improve 529 plans.

Source: Congressional Research Service summary (Reported to Senate with amendment(s))

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Grassley, Chuck [R-IA] · 20 cosponsors

Cost estimate: CBO cost estimate: S. 335, a bill to amend the Internal Revenue Code of 1986 to improve 529 plans (2015-05-08)

Cosponsors on this site

Mark R. Warner (D-VA), Tim Scott (R-SC), Mitch McConnell (R-KY), Susan M. Collins (R-ME), Charles E. Schumer (D-NY), Deb Fischer (R-NE), Jerry Moran (R-KS), Roger F. Wicker (R-MS), Angus S. King, Jr. (I-ME), Lisa Murkowski (R-AK), Amy Klobuchar (D-MN)

Sponsor's campaign money: Sen. Grassley, Chuck [R-IA] reported raising $527,998 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to Senate with amendment(s))
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114s335.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/s>

Record fed-us-cong114-s335 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114