S 311 · in committee · major
ACE Act
- education
- taxes
What this bill does
- Expands 529 education savings plans to cover K-12 and homeschool expenses like tutors, books, and curriculum.
- Families saving for education and students in elementary, secondary, or homeschool settings benefit from tax-free withdrawals.
- Increases annual tax-free 529 contributions by $20,000 and limits tax breaks for state bonds unless states meet school choice standards.
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Community Threads
Started by Cosponsor
- 01
How would expanding 529 plans to cover K-12 and homeschool expenses affect families with different income levels and access to education options?
- 02
What evidence supports the claim that tying state bond tax breaks to school choice standards would improve educational outcomes or equity?
- 03
How might the $20,000 increase in annual tax-free contributions benefit students whose families cannot afford to save for education expenses?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-UT
Mike Lee
Citizen cosponsors
0
In Congress
2/ 100
Senators cosponsoring
Introduced 2025-01-29
Joining the bill
Legislative timeline
2025-01-29 · senate · IntroReferral
Read twice and referred to the Committee on Finance.
2025-01-29 · IntroReferral
Introduced in Senate
Citizen comments
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