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Sponsor seeks to expand 529 plan uses to cover credentialing and vocational credentials
Summary
Representative Greene told the committee HB 58‑22 would amend the Michigan Education Savings Program Act to allow 529 plan funds for qualified postsecondary credentialing expenses (as defined by the federal tax code), aligning state law with recent federal updates and aiming to lower barriers for skilled‑trades training.
Representative Greene presented House Bill 58‑22 to amend the Michigan Education Savings Program Act so that 529 plans could be used for "qualified postsecondary credentialing expenses," referencing the federal internal revenue code definition. Greene said the change would allow 529 accounts to pay for tuition, fees, books and required equipment for professional certificates, licensing programs and vocational training.
"By expanding the eligible uses for 529 plans, my legislation would help make skilled trades training more affordable for Michigan students and workers," Greene said, asking the committee for support.
The chair read witness cards for the bill: several community colleges, trade and advocacy groups and education organizations filed pro‑support cards (Mott Community College, Michigan College Access Network, Michigan Community Colleges Association, Michigan College of Beauty, Michigan Association of Secondary School Principals) while one organization (MASSP listed earlier) was recorded as opposed; several of the carded individuals did not wish to speak. The committee did not take a vote on HB 58‑22 during the session.
