NGA has joined together with more than 900 organizations participating in the Tomorrow's Workforce Coalition
NGA joined the Tomorrow's Workforce Coalition in 2023 to support efforts to prepare more people for trades by expanding the allowable use of 529 savings plans to postsecondary training courses, credentialing, and apprenticeships. The Coalition includes over 900 trade associations, professional societies and certification organizations, operating in more than 50 industries.
The bipartisan, bicameral Freedom to Invest in Tomorrow's Workforce Act (H.R. 1151/S. 756), which was reintroduced in February in the U.S. House of Representatives and Senate, would expand qualified expenses under 529 savings plans to include postsecondary training and credentialing, such as high-quality professional certifications and licenses. The bill would provide valuable tax-advantaged resources for families, students and workers, with or without a college degree, who pursue career growth, mid-career changes or alternate pathways.
The Freedom to Invest in Tomorrow’s Workforce Act would provide economic flexibility and opportunity to workers and families by expanding the use of 529 plans to cover:
- Credential program tuition, including prep courses
- Testing fees, including practice exams
- Required books and equipment
- Continuing education and credential renewal
- Other charges required to obtain and maintain a postsecondary credential
H.R. 1151 and S. 756 would empower Americans of any educational background, skill level or age, and would benefit all industries and professions that rely on employees with specialized and high-quality training or credentials. It would transform 529s from college savings plans to career savings plans; the bill would encourage more workers and families to save funds on a tax-preferred basis for career options that best suit the plan beneficiary.
The bill is being championed by Sen. Amy Klobuchar (D-MN), Sen. Roger Marshall (R-KS), Rep. Rob Wittman (R-VA), and Rep. Steven Horsford (D-NV).