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Committee approves bill enabling nonprofits to open 529 accounts for elementary-school students
Summary
A bill to let qualified nonprofits coordinate with schools and the state treasurer to open 529 accounts for elementary students, with parental opt-out and no fiscal impact, was approved by the Revenue & Tax committee.
The Revenue & Tax committee voted to pass legislation that would let qualified nonprofit foundations work with school districts and the state treasurer's office to open 529 college-savings accounts for elementary students, with parents given the opportunity to opt out.
Senator Clark Tucker introduced the measure and invited Dan Andrews, identified as CEO of Tempest Realty Gardeners speaking on…
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