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Relating to the payment of apprenticeship education expenses using
the state’s programs for paying, prepaying, or saving toward the
costs of attending an institution of higher education.
No significant fiscal implication to the State is anticipated.
SB 1094 would allow funds from a tax-advantaged 529 plan to be applied for students attending registered apprenticeship programs and related qualified expenses. This would constitute an expansion of the allowable educational uses of 529 plans.
Texas Action supports SB 1094 on the principle of individual liberty and property rights. The bill would grant students more flexibility in utilizing a tax-deferred education account by allowing those funds to be used for alternative educational choices.