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Tax relief for aviation training: mechanics and commercial pilots.

This law expands the use of tax-advantaged 529 education savings plans. Citizens can now use these funds to cover tuition and expenses for qualified aviation maintenance technician schools and commercial pilot courses. This change makes specialized vocational training in the aviation sector more financially accessible.
Key points
Allows tax-free 529 savings funds to be used for expenses at qualified aviation maintenance technician schools.
Funds can also cover costs (tuition, fees, equipment) for qualified commercial pilot courses.
The change applies to distributions made after the law is enacted, providing immediate financial relief for aviation students.
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Additional Information
Print number: 118_S_1561
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2023-05-11