SSB 3128: SSB 3128

What it does

This bill relates to the Iowa educational savings plan trust (529 plan) by expanding the definition of qualified education expenses and apprenticeship programs for purposes of withdrawals from the 529 plan qualifying for an individual income tax exclusion. The bill specifies that “qualified education expenses” include expenses paid to an institution of higher education for career-related programs that do not qualify for college credit. As a result, the expenses paid to the institution of higher education for career-related programs that do not earn college credit are excluded from the computation of net income for the individual income tax.

Senate subcommittee · named February 1, 2024

• Sen. Adrian Dickey (R) · adrian.dickey@legis.iowa.gov
• Sen. Dennis Guth (R) · dennis.guth@legis.iowa.gov
• Sen. Todd E. Taylor (D)

Lobbying · 2 for, 0 against

For: Cedar Rapids Metro Economic Alliance; Plumbing Heating & Cooling Contractors of IA

In plain words

1. January 30, 2024Filed in the Senate and sent to the Workforce committee
2. February 1, 2024Senate subcommittee named: Dickey, Guth, Taylor and T
3. February 7, 2024Subcommittee recommended passing it with changes
4. February 8, 2024Approved by the Senate committee, and given a new number: SF 2259