WA People
BILL · 2017–18 SESSION · LATEST VERSION SHB 1425

HB 1425: Ed. savings account pilot

Creating the Washington next generation educational savings account pilot program.

Summary

  • Establishes the Washington Next Generation Educational Savings Account Pilot Program (Pilot Program) to incentivize parents and guardians to open 529 accounts for their kindergarten-aged children.
  • Requires the Student Achievement Council (Council) to administer the Pilot Program, including identifying pilot locations to participate, securing private funding to implement the Pilot Program, marketing the Pilot Program, creating a simplified 529 account application form, and making grants to Pilot Program accounts.
  • Requires the Council to deposit initial grants of $25 to 529 accounts opened up under the Pilot Program and incentive grants of $50 when the account beneficiary achieves certain milestones.
  • Requires the Joint Legislative Audit and Review Committee to evaluate the Pilot Program by December 1, 2024.

From the House Bill Report (HB 1425), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 19, 2017
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Chris Kilduff (D-28)
Introduced
January 19, 2017 in the House
Last action
January 8, 2018
Budget
Has a fiscal note
Versions
HB 1425, SHB 1425

AN ACT Relating to creating the Washington next generation educational savings account pilot program;

Sponsors

Prime sponsor: Chris Kilduff (D-28)

21 co-sponsors (17 Democrats, 4 Republicans)

Larry Haler R-8John Lovick D-44Dick Muri R-28Tana Senn D-41Jeff Holy R-6Noel Frame D-36Michelle Valdez R-26Lillian Ortiz-Self D-21Roger Goodman D-45Tina Orwall D-33Ruth Kagi D-32Monica Jurado Stonier D-49Sharon Tomiko Santos D-37Larry Springer D-45Laurie Jinkins D-27Cindy Ryu D-32Sherry Appleton D-23Jake Fey D-27Steve Bergquist D-11Vandana Slatter D-48Beth Doglio D-22

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status. (SHB 1425)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SHB 1425)
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status. (SHB 1425)
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status. (SHB 1425)
  8. By resolution, reintroduced and retained in present status.
  9. Referred to Appropriations. (SHB 1425)
  10. Referred to Appropriations.
  11. HE - Majority; 1st substitute bill be substituted, do pass. (SHB 1425)
  12. HE - Majority; 1st substitute bill be substituted, do pass.
  13. First reading, referred to Higher Education (Not Officially read and referred until adoption of Introduction report).

HB 1425 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page