South Dakota's higher education savings plan law references the federal Internal Revenue Code to define eligible contributions and account rules, and this bill updates that reference to align with the current version of the federal tax code. The change ensures that state law automatically incorporates any recent federal updates to how these 529 education savings plans are taxed and administered, rather than being tied to an outdated version of federal tax law.
AI-generated summary
Signed by the Governor H.J. 242
Delivered to the Governor H.J. 202
Signed by the President S.J. 165
Signed by the Speaker H.J. 185
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 131
Education Certified uncontested, placed on consent S.J. 5
Education Do Pass Passed, YEAS 5, NAYS 0. S.J. 5
Education Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Education S.J. 75
House of Representatives Do Pass Passed, YEAS 69, NAYS 0. H.J. 53
Education Certified uncontested, placed on consent
Education Do Pass Passed, YEAS 15, NAYS 0.
Education Scheduled for hearing
First read in House and referred to House Education H.J. 12
State Affairs
Prime sponsor · Rep
Do Pass
Do Pass
Do Pass
Do Pass
Do Pass