U.S. Senators Tim Scott and Maria Cantwell have reintroduced the Aviation Workforce Development Act, aiming to amend the Internal Revenue Code. This amendment will allow expenses for education at FAA-certified flight and aviation maintenance programs to be eligible for 529 plan funds. These plans are designed to help save for education by offering tax-free growth and permitting withdrawals for qualified expenses such as tuition and school supplies.
The legislation seeks to assist students pursuing careers in aviation by enabling them to use their 529 plan funds for educational costs related to FAA-certified programs. Senator Scott emphasized that this bill provides a “commonsense solution” to workforce shortages in the aviation industry while giving parents more flexibility with 529 accounts.
Senator Cantwell noted that families utilize 529 plans to save for future education, highlighting the need for options beyond traditional four-year degrees, including apprenticeships and trade schools. She stated that by covering FAA-certified courses, the bill helps remove financial barriers for students interested in Washington state’s aviation sector.
Senator Raphael Warnock, a co-sponsor of the bill, remarked on his efforts in securing federal investments for aviation workforce programs. He described the act as a bipartisan effort providing “commonsense solutions” throughout the industry.
The Aviation Workforce Development Act is supported by several organizations, including Airlines for America, Air Line Pilots Association, Delta Air Lines, Aerospace Industries Association, Atlas Air Worldwide, National Air Carrier Association, NetJets Association of Shared Aircraft Pilots, Aircraft Mechanics Fraternal Association, Aeronautical Repair Station Association, Aviation Technician Education Council, and National Business Aviation Association.
Representative Mike Collins has introduced companion legislation in the U.S. House of Representatives.
