1. Short title This Act may be cited as the Help All Americans Save for College Act of 2017 . 2. Tax treatment of contributions to 529 plans (a) Exclusion from gross income for employer contributions (1) In general Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139F the following new section: 139G. Employer contributions to 529 plan or ABLE account (a) In general In the case of an individual who is a qualified account owner, gross income shall not include the amount of any contribution to such account during the taxable year by the employer of the account owner. (b) Limitation The amount exempt from gross income by subsection (a) for a taxable year shall not exceed the lesser of— (1) an amount equal to the compensation includible in the individual’s gross income for such taxable year, or (2) $5,000 ($10,000 in the case of a joint return) for each dependent who of the taxpayer is the designated beneficiary of an account under section 529. (c) Qualified account owner For purposes of this section, the term qualified account owner means— (1) in the case of an account in connection with a qualified tuition program, the account owner of an account of a designated beneficiary under section 529, and (2) in the case of an ABLE account, the designated beneficiary in connection with the ABLE account under section 529A(e)(3). . (2) Cafeteria plan does not include employer contributions to 529 plans or ABLE accounts Section 125(d)(2) of such Code is amended by adding at the end the following: (E) Exception for contributions to 529 plan and ABLE accounts Subparagraph (A) shall not apply to a plan to the extent of amounts which a covered employee may elect to have the employer pay as contributions to an account under section 529 or 529A. . (3) Clerical amendment The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139F the following new item: Sec. 139G. Employer contributions to