Aviation Workforce Development Act allows tax-free distributions from qualified tuition programs for aviation maintenance and commercial pilot.
The Aviation Workforce Development Act amends the Internal Revenue Code to include expenses for qualified aviation maintenance and commercial pilot courses as qualified higher education expenses. This allows tax-free distributions from qualified tuition programs for these courses. A qualified aviation maintenance course is defined as instruction at a school governed by part 147 of title 14, Code of Federal Regulations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.