HR808Referred to Committee
Fairness for the Trades Act
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-01-28
Introduced
3
Cosponsors
HR
ⓘType
Sponsor
Marie Gluesenkamp Perez
Democrat · WA · Representative
Votes with party: 78.7% (600 recorded votes)
Full profile: /officials/G000600
Source: Congress.gov · FEC
Cosponsors (3)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
3 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-01-28
Plain-English Summary
Fairness for the Trades Act This bill expands the expenses that may be paid for with tax-free distributions from a qualified tuition program (known as a 529 plan) to include those incurred to purchase business property in certain industries. (Some limitations apply.) Under the bill, tax-free 529 plan distributions may be used to pay for certain property for use by the plan beneficiary in industries within the following industry groups (as classified in the North American Industry Classification System): timber tract operations; forest nurseries and gathering of forest products; logging; fishing; hunting and trapping; support activities for forestry; residential and nonresidential building construction; utility system construction; land subdivision; highway, street, and bridge construction; other heavy and civil engineering construction; foundation, structure, and building exterior contracting; building equipment contracting; building finishing contracting; other specialty trade contracting; automotive repair and maintenance; electronic and precision equipment repair and maintenance; commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance; and personal and household goods repair and maintenance.
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
Subjects
Taxation
Full bill text is not yet cached locally.
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