which the maximum amount allowable as a contribution under section 530U(c)(2) for the taxable year exceeds the amount contributed to the accounts for the taxable year. (2) Special rule A contribution shall not be taken into account under paragraph (1) if such contribution (together with the amount of net income attributable to such contribution) is distributed to the account holder on or before the due date of the account holder’s return of tax for such taxable year. . (c) Tax on prohibited transactions Section 4975(e)(1) of such Code is amended by striking or at the end of subparagraph (F), by striking the period at the end of subparagraph (G) and inserting , or , and by adding at the end the following new subparagraph: (H) a Universal Savings Account (as defined in section 530U). . (d) Failure To provide reports on universal savings accounts Section 6693(a)(2) of such Code is amended by striking and at the end of subparagraph (E), by striking the period at the end of subparagraph (F) and inserting , and , and by inserting after subparagraph (F) the following new subparagraph: (G) section 530U(g) (relating to Universal Savings Accounts). . (e) Conforming amendment The table of parts for subchapter F of chapter 1 of such Code is amended by adding at the end the following new item: Part IX. Universal savings accounts . (f) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2018. 302. Expansion of section 529 plans (a) Distributions for certain expenses associated with registered apprenticeship programs Section 529(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (8) Treatment of certain expenses associated with registered apprenticeship programs Any reference in this subsection to the term qualified higher education expense shall include a reference to expenses for fees, books, supplies, and equipment required for the participation of a designated beneficiary in an apprenticeship program registered and