Rep. Noem Introduces Bill Enabling Parents to Save for Unborn Child's Education
January 16, 2018
January 16, 2018
WASHINGTON, Jan. 16 -- Rep. Kristi Noem, R-South Dakota, issued the following news release:
Rep. Kristi Noem today introduced H.R. 4794, the Investing for Tomorrow Act, which would allow for unborn children to be named as beneficiaries of 529 education savings accounts. If enacted, this would mark the first time unborn children would be explicitly named in the tax code. The provision was included in the House-passed tax reform bill, but was removed due to Senate rules.
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Rep. Kristi Noem today introduced H.R. 4794, the Investing for Tomorrow Act, which would allow for unborn children to be named as beneficiaries of 529 education savings accounts. If enacted, this would mark the first time unborn children would be explicitly named in the tax code. The provision was included in the House-passed tax reform bill, but was removed due to Senate rules.
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