H.R. 808: Fairness for the Trades Act

119th Congress · introduced 2025-01-28 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Official title

Fairness for the Trades Act

Plain summary

Fairness for the Trades Act This bill expands the expenses that may be paid for with tax-free distributions from a qualified tuition program (known as a 529 plan) to include those incurred to purchase business property in certain industries. (Some limitations apply.) Under the bill, tax-free 529 plan distributions may be used to pay for certain property for use by the plan beneficiary in industries within the following industry groups (as classified in the North American Industry Classification System): timber tract operations; forest nurseries and gathering of forest products; logging; fishing; hunting and trapping; support activities for forestry; residential and nonresidential building construction; utility system construction; land subdivision; highway, street, and bridge construction; other heavy and civil engineering construction; foundation, structure, and building exterior contracting; building equipment contracting; building finishing contracting; other specialty trade contracting; automotive repair and maintenance; electronic and precision equipment repair and maintenance; commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance; and personal and household goods repair and maintenance.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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Official text

Fairness for the Trades Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Perez, Marie Gluesenkamp [D-WA-3] · 3 cosponsors

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Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr808.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr808 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills