In CommitteeFiled Feb 5, 2026
Sponsor: Rep. Moore, Tim [R-NC-14] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Feb 5, 2026
Summary
The bill changes tax rules so that money in a qualified tuition (529) plan can be taken out to help a first‑time homebuyer pay for a principal residence, without the usual penalty. It sets timing limits, defines who qualifies, and adds special rules for delayed purchases, disaster‑area homes, and recontributing the funds. This expands the purpose of 529 savings beyond education.
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