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S. 311IntroducedSenate · nowHousePresidentLawIn committee
Sec. 4 · S. 311

Gift tax exclusions

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(a) Gift tax exclusion for contributions to 529 plans Section 2503(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (3) Exclusion for contributions to 529 plans The dollar amount in effect under paragraph (1) with respect to gifts (to which such paragraph applies) made to any person during any calendar year shall be increased (not in excess of $20,000) by the amount of such gifts made during such calendar year to qualified tuition programs (as defined in section 529) with respect to which such person is the designated beneficiary.. (b) Effective date The amendments made by this section shall apply to gifts made after December 31, 2026.

Sec. 4: Gift tax exclusions · Public Law Tracker