Published on Thursday, January 23, 2020
BCSP and the Professional Certification Coalition (PCC) need your help! Using the language below, we are asking you to email your state representative to inform them of the importance of supporting H.R. 5339, the Freedom to Invest in Tomorrow's Workforce Act.
This bipartisan bill, introduced by Reps. Abigail Spanberger (D-VA) and Rob Wittman (R-VA), would amend the tax code to permit beneficiaries to use funds in 529 savings plans for expenses associated with obtaining or maintaining post-secondary credentials, which include professional certificates or certifications.
The 529 savings program, which is sponsored in every U.S. state, was created to encourage savings for higher education. The program allows people to establish tax-free savings accounts for certain educational expenses, either through an education savings plan or a prepaid tuition plan. Currently, these tax-free earning accounts do not include professional certification.
If passed, the Freedom to Invest in Tomorrow's Workforce Act will open 529 savings plans to include:
The PCC's position paper on H.R. 5339 can be read and downloaded here. The name and contact information for your state representatives can be found here.
BCSP and the PCC appreciate your help in building continued governmental recognition of your BCSP certification. If you have any questions, please contact Tiera Robinson, BCSP's Strategic Advancement Manager, at [email protected].
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