HB 1096

  • Indiana House Bill
  • 2024 Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

529 college savings distributions.

Abstract

Excludes from Indiana adjusted gross income distributions made from a 529 college choice education savings plan (529 account) that are not used to pay qualified higher education expenses but that satisfy each of the requirements under Section 126 of the SECURE 2.0 Act of 2022. Provides that such distributions are not subject to the: (1) penalty provisions established by the board of directors of the Indiana education savings authority; or (2) repayment provisions for the income tax credit for contributions to an individual's 529 account.

Bill Sponsors (4)

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Jan 16, 2024

House

Representative Manning added as coauthor

Jan 08, 2024

House

Coauthored by Representatives Rowray and DeLaney

House

Authored by Representative Prescott

House

First reading: referred to Committee on Ways and Means

  • Reading-1
  • Referral-Committee
ways and means

Bill Text

Bill Text Versions Format
Introduced House Bill (H) PDF

Related Documents

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Sources

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