Relating to withdrawals from college savings network accounts; prescribing an effective date.
Catchline/Summary:
Excludes from qualified withdrawals, for purposes of tax-exempt college savings network accounts, withdrawal from college savings network account if proceeds from withdrawal are deposited in account at financial institution in another state. Excludes from qualified withdrawals, for purposes of tax-exempt college savings network accounts, withdrawal from college savings network account if proceeds from withdrawal are deposited in account at financial institution in another state.
Applies to tax years beginning on or after January 1, 2011.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 17 Senate Committee On Finance and Revenue
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