This bipartisan and bicameral legislation expands eligible uses of tax-favorable 529 savings plans to cover costs associated with workforce training and credentialing programs such as CAI’s education and credential opportunities. This bill provides valuable tax-advantaged resources for workers who pursue alternative career pathways, mid-career changes, or career growth.
Our organization provides seven different professional credential opportunities for community association professionals ranging from community manager (AMS, PCAM, LSM, AAMC), insurance and risk management (CIRMS), reserve specialists (RS), and attorney (CCAL). These credentials recognize a professional’s achievements in the community association industry. Our industry is expanding, and communities need qualified professionals to safeguard and empower the financial well-being, physical maintenance, and social harmony of community associations. Professionals who earn credentials receive an average 55% increase in salary.
Please take action today to encourage your member of Congress to co-sponsor this important legislation and to provide additional access to Americans seeking a professional credential, including your fellow community association industry peers.
CAI is an organizational member of the Professional Certification Coalition with more than 100 other associations who credential professionals. The PCC engages in state and federal advocacy, analysis, and thought leadership on legislation affecting non-governmental certification organizations and those who hold or rely on those credentials, including regulators, employers, and the public. The PCC is a D.C. unincorporated nonprofit association, governed by a Steering Committee of the Institute for Credentialing Excellence and ASAE: The Center for Association Leadership.