ECSheading
From the ECS State Policy Database
Postsecondary Affordability--Tuition/Fees--Prepd/College Savings Plans


Education Commission of the States • 700 Broadway, Suite 810 • Denver, CO 80203-3442 • 303.299.3600 • fax 303.296.8332 • www.ecs.org

This database is made possible by your state's fiscal support of the Education Commission of the States (ECS). Most entries are legislative, although rules/regulations and executive orders that make substantive changes are included. Every effort is made to collect the latest available version of policies; in some instances, recent changes might not be reflected. For expediency purposes minimal attention has been paid to style (capitalization, punctuation) and format.

Please cite use of the database as: Education Commission of the States (ECS) State Policy Database, retrieved [date].

State Status/Date Level Summary
FLSigned into law 06/2014Postsec.Prepaid College Program
H.B. 851 - Prepaid College Program
For purposes of the Stanley G. Tate Florida Prepaid College Program, revises the base rate for "tuition differential" to be the amount assessed, rather than the amount paid by the board. Amends applicability of certain provisions to advance payment contracts p...

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KYSigned into law 04/2014Postsec.Commonwealth Postsecondary Education Prepaid Tuition Trust Fund
H.B. 279
Amends provisions relating to the Commonwealth postsecondary education prepaid tuition trust fund. Add a definition of "utilization period" for Kentucky's Affordable Prepaid Tuition (KAPT) plan. Amends definition of "Value of a prepaid tuition account" to mean...

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TNSigned into law 03/2014Postsec.College Savings Accounts-Tax Incentives
H.B. 1931
Revises various provisions governing a trust fund program and requires the department of revenue to assist the board of trustees of the program in the implementation of certain tax incentives.
http://www.capitol.tn.gov/Bills/108/Bill/HB1931.pdf...

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NMSigned into law 03/2014Postsec.Education Trust Board Changes
H.B. 215
From the Fiscal Impact Statement: House Bill 215 amends the Education Trust Act (Act) to expand the manner in which the Education Trust Board (ETB) administers the New Mexico 529 college savings program and the Education Trust Fund (Fund). The bill provides th...

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VASigned into law 02/2014Postsec.College Savings Plan
H.B. 203/S.B. 215
Establishes the Virginia College Savings Plan as an incorporated government agency.
http://leg1.state.va.us/cgi-bin/legp504.exe?141+ful+HB203ER+pdf...

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IDSigned into law 03/2013Postsec.College Savings Program
H.B. 177
Expands the definition of financial firms that are allowed to manage college investment accounts to include trust companies, mutual funds and investment firms. Moves some of the decision making away from state regulators and places more power in the hands of ...

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ILSigned into law 07/2012Postsec.Members of Investment Advisory Panel - Statement of Economic Interests
H.B. 4116
Requires members of the investment advisory panel created under the Illinois Prepaid Tuition Act to file verified written statements of economic interests with the secretary of state. http://www.ilga.gov/legislation/97/HB/PDF/09700HB4116lv.pdf...

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LASigned into law 06/2012Postsec.START Education Savings Accounts
S.B. 458
Amends definition of "institution of postsecondary education" for purposes of eligibility to participate in the Student Tuition Assistance and Revenue Trust program. Removes reference in definition to an institution accredited by the regional accrediting assoc...

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NESigned into law 05/2012Postsec.College Savings Plan Program
L.B. 1104
Changes the Postsecondary Education Act. Creates the College Savings Plan Program Fund. Defines "eligible" institutions for participation in College Savings Plan Program. Defines unqualified withdrawal from College Savings Plan Program Fund and defines qualifi...

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ALSigned into law 04/2012Postsec.Prepaid Affordable College Tuition (PACT) Program
H.B. 603
Appropriates specified amounts from the Education Trust Fund to the PACT Trust Fund for the fiscal years ending in 2016, 2017, 2018, and 2019. Removes provision that specified appropriations will make the PACT Fund fully funded, according to the actuarial prof...

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OHSigned into law 06/2011P-12
Postsec.
Ohio Tuition Trust Authority Investment Options
H.B. 153 - Ohio Tuition Trust Authority Investment Options
Requires that the Ohio tuition trust authority's investment policies and guidelines be utilized in administering the investment options offered by the authority. Requires that the investment options include a default option to benefit contributors who are firs...

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ORSigned into law 06/2011Postsec.Tuition Savings Network
H.B. 2728
Allows taxpayers to make direct deposit contributions of personal income tax refunds into an Oregon 529 College Savings Network account. Provides that the election must be made on a form prescribed by the Department of Revenue and may not be changed or revoked...

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TXSigned into law 06/2011Postsec.Texas Save and Match Program
H.B. 3708 - Texas Save and Match Program
From fiscal analysis: Amends Chapter 54 of the Education Code to repeal the Texas Save and Match Program under current law and create a new Texas Save and Match Program (program). Provides the program
matches money contributed to a higher education savings acc...

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WAPartial veto 06/2011Postsec.Advanced College Tuition Payment Program
S.B. 5749
Specifies that the state actuary should be appointed and used as needed to provide direction and guidance on the Washington advanced college tuition payment program. Requires that the state actuary (previously was a nationally recognized actuary) annually eval...

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ARSigned into law 03/2011Postsec.Deductions from State Employee Paychecks
H.B. 1924
Revises payroll deduction for state employees to include deposits into a tax-deferred college savings plan.
http://www.arkleg.state.ar.us/assembly/2011/2011R/Bills/HB1924.pdf...

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VASigned into law 03/2011Postsec.
Community College
Virginia College Savings Plan
H.B. 1619/S.B. 1362
Clarifies the roles of the two advisory committees to the Board of the Virginia College Savings Plan and requires the Board to post the annual report on its website.
http://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+CHAP0026+pdf...

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ILSigned into law 07/2010Postsec.Prepaid Tuition Use at Out-of-State Institutions
H.B. 6206
Amends Illinois Prepaid Tuition Act. Repeals part of definition of "eligible institution" (*was* public and nonpublic institutions whose students are eligible to receive need-based financial assistance through state Monetary Award Program (MAP) grants); re-def...

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AKSigned into law 06/2010Postsec.
Community College
Tuition Tax Credits
S.B. 236
An Act relating to tax credits for cash contributions by taxpayers that are accepted for certain educational purposes and facilities; vocational education programs and facilities, for a facility by a nonprofit, public or private, Alaska two-year or four-year c...

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MOSigned into law 06/2010Postsec.Tuition Savings Programs
S.B. 772
Currently, the minimum time for holding investments in the Missouri Higher Education Savings Program is 12 months. The act removes that requirement. The sunset provision governing the Missouri Higher Education Deposit Program, which is a nonexclusive alternati...

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AZSigned into law 05/2010P-12
Postsec.
Tuition tax credits
H.B. 2664
AN ACT Amending section 43-1089, Arizona Revised Statutes; amending title 43, Arizona Revised Statutes, by adding chapter 15; relating to school tuition organizations. Establishes additional oversight and reporting requirements for School Tuition Organizations...

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AZSigned into law 04/2010Postsec.Tuition tax credits
S.B. 1274
SB 1274 allows a donation made to a school tuition organization (STO) between the close of the tax year and the income tax return filing deadline to be applied to either the current or preceding tax year for the purpose of claiming an individual income tax cre...

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DESigned into law 03/2010Postsec.
Community College
College Investment Account
H.B. 335
Directs the Secretary of Finance to develop the means by which individuals can deposit their State income tax return directly into a Delaware College Investment Plan account.
http://legis.delaware.gov/LIS/lis145.nsf/vwLegislation/HB+335/$file/legis.html?open...

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OHSigned into law 03/2010Postsec.Deposit of Overpaid Taxes into College Savings Plan or Program Account
S.B. 155 - End of Section 1
Allows taxpayers to direct that any refund of overpaid taxes be deposited into a checking account or preexisting college savings plan or program account offered by the Ohio tuition trust authority, as designated by the taxpayer, when the taxpayer files the ann...

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UTSigned into law 02/2010Postsec.State Educational Savings Plan
S.B. 95
Amends the governance and oversight authority of the state board of regents for the state educational savings plan. Modifies the plan provisions to clarify the plan's name, powers and duties. Among other new authorizations, permits plan to:
(1) Carry out stud...

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NVRule Adoption 10/2009Postsec.COLLEGE SAVINGS PROGRAM
NAC 353B, .550, .555, .560, .585, .605, .610, .615, .620, .635, .645,.660, .665, .670, .675, 680, .690, .695, .700, .705
Revises provisions governing the Nevada College Savings Program. Clarifies the succession of the owner of the plan and procedures for changing the beneficiary specifies the conditions under which the program manager can refuse to open an account.
http://www.le...

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NVRule Adoption 10/2009Postsec.Prepaid Tuition
NAC 353B, .010, .020, .040, .050, .065, .070, .090, .150, .160, .170,.180, .190, .200, .210, .350, .410, .420, .430, .440, .450, .460, .500, .510
Revises provisions governing the Nevada Higher Education Prepaid Tuition Program.
http://www.leg.state.nv.us/NAC/CHAPTERS.HTMl...

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INAdopted 08/2009Postsec.College Savings Programs
540 IAC 1-1-1, -2, -5, -8, -10, -11, -15, -17, -18; 1-2; -3-1; -4;-7-2; -8-2, -8; -10-1, -2; -11; -12-1, -3, -4
Repeals rules regarding Family College Savings Trust Program Procedures and Operations. ...

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ILSigned into law 08/2009Postsec.Tuition Savings Program
S.B. 81
Requires an addition modification to the base income of an amount equal to the contribution component of any nonqualified withdrawal or refund from a tuition savings program that was previously deducted from base income and that did not result from the death o...

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OHSigned into law 07/2009P-12
Postsec.
Ohio Tuition Trust Authority
H.B. 1 - Section 3334.03, 3334.07, 3334.08, 3334.11
Places the Ohio tuition trust authority in the office of the chancellor of the board of regents. Provides that the Ohio tuition trust authority board must solely perform specified duties and responsibilities. Authorizes the Ohio tuition trust authority board, ...

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ORSigned into law 07/2009Postsec.College Savings Network
S.B. 5550
Limits certain biennial expenditures from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by State Treasurer for administrative expenses of State Treasury operations and Ore...

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AZSigned into law 07/2009Postsec.Prepaid Tuition
H.B. 2287
Allows a reduction by an employer in the amount of tax withheld from an employee for qualified charitable contributions, including contributions to a school tuition program or other public school programs; specifies the procedure for such reductions; provides ...

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AZSigned into law 07/2009Postsec.Prepaid Tuition
H.B. 2288
Allows a credit against the premium tax liability incurred by an insurer for the amount of voluntary cash contributions made by the insurer to a school tuition organization; provides that an insurer that claims such credit is not required to pay an additional ...

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TXSigned into law 06/2009Postsec.Prepaid Tuition Program
S.B. 1941
Makes various changes allowing tuition units purchased through the Prepaid Tuition Unit Undergraduate Education Program to be used to pay tuition and fees at a coordinating board-approved career school. Adds provision authorizing a state employee to make payro...

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TXVetoed 06/2009Postsec.Texas Save and Match Program
S.B. 1760
Re-establishes the Texas Save and Match Program (currently under 54.7521). Under new program, the prepaid higher education tuition board opens a matching account for each eligible beneficiary and matches contributions to that account. Defines eligible benefici...

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FLSigned into law 06/2009Postsec.State Prepaid College Program
S.B. 606
Relates to the State Prepaid College Program; revises provision relating to the transfer of benefits to private and out-of-state colleges and universities and career centers by providing beneficiaries of prepaid contracts greater flexibility in selecting a pos...

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HISigned into law 06/2009P-12
Postsec.
College Savings Program
H.B. 1057
(Governor's Package Bill) Allows family members and friends to contribute to state-established "HI529 - Hawaii's College Savings Program" that currently only account owners can contribute to. http://www.capitol.hawaii.gov/session2009/Bills/HB1057_CD1_.HTM...

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ALSigned into law 05/2009Postsec.Prepaid Affordable College Tuition (PACT) Program
S.J.R. 150
Calls on the Retirement Systems of Alabama to conduct a thorough actuarial study of the financial issues of the Alabama Prepaid Affordable College Tuition (PACT) Program, and to report its written findings, conclusions and recommendations to the governor and i...

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KSSigned into law 04/2009Postsec.Prepaid Tuition
S.B. 225
Concerns the low-income family postsecondary savings accounts incentive program. Beginning in calendar year 2009, the treasurer may approve no more than 300 applications for a single district. If 300 applications from residents of a district are not approved i...

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UTSigned into law 03/2009Postsec.Utah Educational Savings Plan Accounts
H.B. 35
Allows an individual who is owed an income tax refund to designate the entire refund as a contribution to a Utah Educational Savings Plan account. Establishes procedures for individuals who have one, none or multiple savings plan accounts. http://le.utah.gov/~...

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UTSigned into law 03/2009P-12
Postsec.
Personal Finance Information and Utah Educational Savings Plan
S.B. 100
Requires a public school to provide to the parents of a kindergarten student a financial and economic literacy passport (personal financial literacy), and information about higher education savings options, including information about opening a Utah Educationa...

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INAdopted 03/2009Postsec.Prepaid Tuition
540 IAC 1-1 through 1-12
Repeals rules regarding the Family College Savings Trust Program, including application procedures, transfers, investment policies and contribution amounts. INDIANA 9191
http://www.in.gov/legislative/iac/...

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ARSigned into law 02/2009Postsec.
Community College
Tax-Deferred Tuition Savings
S.B. 49
Allows taxpayers to divert all or part of their state income tax refund to a tax-deferred tuition savings program account by designating the contribution on their income tax form; provides that the account must be in existence.
http://www.arkleg.state.ar.us/as...

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INAdopted 12/2008Postsec.Prepaid Tuition
540 IAC 1-1 and sections through 1-12
Repeals rules regarding the Family College Savings Trust Program relating to eligibility, beneficiary definition, administration of Plan, making contributions to the Plan, cancellations and distribution of benefits. INDIANA 8936
http://www.in.gov/legislative/i...

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NYSigned into law 05/2008Postsec.
Community College
State College Choice Tuition Savings Account
S.B. 6776
Allows third parties to make contributions to an account owner's state college choice tuition savings account. Allows only the account owner to take the tax exclusion. http://assembly.state.ny.us/leg/?bn=S06776&sh=t...

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ALSigned into law 05/2008Postsec.
Community College
Income Tax Deduction for College Savings
H.B. 43
Relates to the State Prepaid Affordable College Tuition Program and State College Education Savings Program. Authorizes an income tax deduction of up to $5,000 for contributions to the Alabama prepaid affordable college tuition program or the Alabama college e...

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OKSigned into law 05/2008P-12
Postsec.
College Savings Plan Exemption
S.B. 1390
Exempts an Oklahoma College Savings Plan account for purposes of determining eligibility for public assistance, provided that the federal rules for these programs permit such an exemption.
http://webserver1.lsb.state.ok.us/2007-08bills/SB/SB1390_ENR.RTF...

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IDSigned into law 03/2008Postsec.tuition/fees
H.B. 549
Relates to the addition to taxable income upon transfer of moneys from the College Savings Plan to another state's tuition program; limits the period which a rollover is taxed to a specified number of months after the funds are deposited; provides that an acco...

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IDSigned into law 03/2008Postsec.tuition/fees
H.B. 548
Amends and adds to existing law to revise powers and duties of the State College Savings Program Board; revises definitions to clarify who can own an account and be identified as a beneficiary; authorizes minors to open accounts; clarifies when certain dormant...

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UTSigned into law 03/2008Postsec.
Community College
Utah Educational Savings Plan Trust
H.B. 321
As provided in bill summary: Deletes provisions making a beneficiary of a vested account eligible for resident status for tuition purposes. Deletes restrictions regarding when the payment of benefits under an account agreement must begin. Provides that money m...

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MISigned into law 12/2007Postsec.College Savings Program
H.B. 5138
Amends the Education Savings Program Act; adds as an authorized withdrawal from such an account a withdrawal made because a beneficiary attended a service academy to the extent that the amount of the withdrawal does not exceed the costs of the advanced educati...

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ILSigned into law 08/2007Community College
Postsec.
Prepaid Tuition Act
H.B. 1656
Amends the Prepaid Tuition Act. Changes status of Illinois Prepaid Tuition Act savings from federally "tax deferred" to "tax exempt." http://www.ilga.gov/legislation/95/HB/PDF/09500HB1656lv.pdf...

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AKSigned into law 07/2007Postsec.Foster child college savings plans
S.B. 76
Establishes a higher education savings program for eligible children who were placed in out-of-home care by the state; provides that donors will contribute to college savings plans for a child who has spent a mimimum number of years in out of home care; provid...

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DESigned into law 07/2007Postsec.
Community College
Education Savings Plan
H.B. 184
Implement provisions of federal law that allow a trust to be an account owner of a 529 Plan, an education savings plan for future college costs with special tax benefits.
http://www.legis.state.de.us/LIS/lis144.nsf/vwLegislation/HB+184/$file/legis.html?open...

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NHSigned into law 06/2007Postsec.
Community College
College Tuition Savings Plan
S.B. 245
Makes various changes to the state College Tuition Savings Plan.
http://www.gencourt.state.nh.us/legislation/2007/SB0245.html...

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TXSigned into law 06/2007Postsec.Prepaid Tuition Program
H.B. 3900
Allows families to lock in today's rates for tuition and required fees for their children's future higher education needs, giving them more certainty about the cost of a college education. An investment in the Texas Tomorrow Fund II would be made by purchasing...

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TXSigned into law 06/2007Postsec.Texas Guaranteed Tuition Plan
H.B. 2173
The Prepaid Higher Education Tuition Board oversees two college savings plans: the Texas Guaranteed Tuition Plan, which allows Texas families to prepay college tuition and is backed by the full faith and credit of the state, and Tomorrow's College Investment P...

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NESigned into law 05/2007Postsec.
Community College
Educational Savings Plan Trust Account
L.B. 338
Increases the amount that may be excluded for state income tax purposes for contributions to a state educational savings plan trust account.
http://uniweb.legislature.ne.gov/FloorDocs/Current/PDF/Slip/LB338.pdf...

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TNSigned into law 04/2007Postsec.Options for Tuition Account Fund
S.B. 1387
Authorizes the Board of Trustees of the Baccalaureate Education System Trust (BEST) program to contract with other federal college savings programs established pursuant to Section 529 of the Internal Revenue Code. Creates the option of rolling BEST tuition acc...

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ARSigned into law 03/2007Postsec.Matching Grant Program
S.B. 822
Authorizes the Section 529 Plan Review Committee to create a pilot program to be known as the Aspiring Scholars Matching Grant Program to match the contribution made into an account for a designated beneficiary established under the state tax-deferred tuition ...

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VASigned into law 03/2007Postsec.
Community College
Increases College Savings Plan Income Tax Deduction
S.B. 785
Increases from $2,000 to $4,000 the annual income tax deduction allowed for purchases and contributions for prepaid tuition contracts or savings trust accounts entered into with the Virginia College Savings Plan effective for taxable years beginning on or afte...

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LASigned into law 06/2006Postsec.Education Savings Accounts
H.B. 780
Relates to the Student Tuition Assistance and Revenue Trust Program. Provides for definitions and provides relative to the education savings accounts, including the investment of checks and electronic funds transfers and the deposit of any increase in the val...

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KSSigned into law 05/2006P-12
Postsec.
Low-Income Family Postsecondary Savings Accounts Incentive Program
S.B. 332
Establishes the low-income family postsecondary savings accounts incentive program as a three-year pilot program to encourage qualified individuals and families to establish family postsecondary savings accounts. Defines qualified individuals and families as K...

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WYSigned into law 03/2006Postsec.Family College Savings Program
S.B. 62
The state has previously established a family college savings program under which persons may save for college and receive favorable income tax treatment for earnings on the monies set aside (often referenced as 529 savings plans in reference to the IRS code p...

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ILEmergency Rule Adoption 11/2005Postsec.College Savings Pool
23 IAC 2500.30, 80
Removes the minimum initial contribution amount associated with the application process into the College Savings Pool, in order to open up participation to more applicants. http://www.cyberdriveillinois.com/departments/index/register/register_volume29_issue48....

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CASigned into law 09/2005Postsec.
Community College
Golden State Scholarshare Trust and Postsecondary Finance
A.B. 961
Makes modifications to the administration and functioning of the Golden State Scholarshare Trust. Deletes the make up payment provision, the participation agreement payment adjustment option for changed circumstances or changes in educational plans, and the pa...

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FLSigned into law 06/2005Postsec.
Community College
Florida College Savings Program
H.B. 1729
Relates to Florida College Savings Program/OGSR. Removes confidentiality of information regarding individual account activities conducted through the savings program. Removes clause that this section (1009.981) is subject to the Open Government Sunset Review A...

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WASigned into law 05/2005Postsec.Guaranteed Education Tuition (GET) Program
S.B. 5926
Modifies provisions in the Guaranteed Education Tuition (GET) Program - Permits any Washington resident to purchase tuition
units under the GET Program, even if the recipient is not a resident. Protects GET Program assets from bankruptcy proceedings. Creates
a...

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ARSigned into law 04/2005Postsec.
Community College
Contributions to Tax Deferred Tuition
S.B. 286
Provides that as of January 1, 2005, contributions to the Arkansas tax-deferred tuition savings program are deductible from Arkansas income tax, up to $5,000 per taxpayer per tax year. http://www.arkleg.state.ar.us/ftproot/bills/2005/public/sb286.pdf...

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FLRule Adoption 04/2005Postsec.
Community College
Fee Schedule
FAC 19B-16.012
Revises the circumstances when the termination fee applies to accounts in the Florida College Investment Plan. http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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FLRule Adoption 04/2005Postsec.
Community College
Termination and Withdrawal
FAC 19B-16.010
Provides requirements, due to revised financial requirements, under which termination from the Florida College Investment Plan will occur. http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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KYSigned into law 03/2005Postsec.Postsecondary Education Prepaid Tuition Trust Fund
H.B. 184
Amends provisions of the Commonwealth Postsecondary Education Prepaid Tuition Trust Fund. http://lrc.ky.gov/RECORD/05RS/HB184.htm...

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UTSigned into law 03/2005Postsec.
Community College
Higher Education Savings Incentive Program
H.B. 102
Modifies the Utah System of Higher Education Code and the Revenue and Taxation Code regarding the Utah Educational Savings Plan Trust, an investment plan used to pay for higher education costs. For example, allows moneys in the Utah Educational Savings Plan Tr...

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MISigned into law 10/2004Postsec.Educational Financing
H.B. 5534
Relates to personal income tax deduction in determining adjusted gross income for the total of all contributions made on and after October 1, 2000 by a taxpayer in the tax year less qualified withdrawals made in the tax year to education savings accounts.

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MISigned into law 10/2004Postsec.Education Savings Program Act
H.B. 5782
Provides for amendments to the Michigan Education Savings Program Act to incorporate federal income tax options.

http://www.michiganlegislature.org/mileg.asp?page=getObject&objName=2004-HB-5782...

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ILSigned into law 07/2004Postsec.
Community College
Student Tuition Savings Tax Deductions
H.B. 4914
Amends the Illinois Income Tax Act. Authorizes a deduction of up to $10,000 per taxable year for amounts contributed in the taxable year to a College Savings Pool Account or the Illinois Prepaid Tuition Trust Fund, excluding amounts rolled over into the accoun...

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MERule Adoption 07/2004Postsec.Maine College Savings Program
94-457-611
Amends the rule by adding an attendance at a U.S. military service academy as an early termination event, not subject to the penalty for nonqualified withdrawals. Makes changes to the NextGen scholarship program. Makes changes to the matching grant programs. S...

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LASigned into law 06/2004Postsec.Student Tuition
H.B. 486
Relates to education savings accounts administered by the state tuition trust authority; deletes the requirement that such accounts must be invested in either fixed earnings or variable earnings, but not both....

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MOSigned into law 06/2004P-12
Postsec.
Community College
College Savings Programs
H.B. 959
Amends laws regarding financial services and college savings programs; relates to deceptive use of a financial institution's name, identity theft, restrictions on small loans, deeds of trust, variable rate debt instruments and exemptions from attachment and ex...

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KSSigned into law 06/2004Postsec.Foster Care Postsecondary Education Tuition Fees
H.B. 2937
Relates to postsecondary education tuition fees; relates to applicants with the greatest financial need who were in foster care on a specified date; provides for five new applicants in any academic year; provides that expenditures for the tuition waiver progra...

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AZSigned into law 06/2004Postsec.
Community College
Family College Savings Program
H.B. 2593
Makes changes to the Family College Savings by establishing the Family College Savings Program Trust; provides for appointment of a financial institution program manager. http://www.azleg.state.az.us/FormatDocument.asp?inDoc=/legtext/46leg/2r/laws/0327.htm...

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TNSigned into law 05/2004Postsec.Tax Exemption for Educational Savings
H.B. 2953
Concerns taxes, exemption; exempts educational savings plans from state and local taxation; provides that all assets, income and distributions for college education savings plan are exempt from any state, county or municipal tax and shall not be subject to exe...

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IAVetoed 05/2004Postsec.Individual Income Tax Deduction
S.F. 2303
Provides for an individual income tax deduction for contributions made to a qualified tuition program established by certain educational institutions and including effective and retroactive applicability date provisions. http://coolice.legis.state.ia.us/Cool-I...

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IASigned into law 04/2004Postsec.Iowa Educational Savings Plan
H.F. 2553
Relates to technical and substantive changes regarding the Iowa educational savings plan trust and the establishment of an additional optional program by a specified date, and providing an effective date. Allows state residents to invest money in a public tru...

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MTRule Adoption 04/2004Postsec.Taxation of Family Education Savings Accounts
ARM New Rules I, II; ARM 42.15.802 thru .805; Repeals .801
Establishes rules relating to the taxation of family education savings accounts. MONTANA REG 4500 (SN)...

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DERule Adoption 01/2004P-12
Postsec.
Michael C. Ferguson Achievement Awards Scholarship
14 DAC 245
Establishes rules clarifying the issue of scholarship eligibility for students repeating the eighth grade. http://www.state.de.us/research/AdminCode/Education/Education%20Administrative%20Code%20-%20200%20Administration%20and%20Operations.htm#P231_31584...

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FLRule Adoption 12/2003Postsec.Florida Prepaid College Plan - Beneficiaries
FAC 19B-8.001
Revises the persons that can be substitute qualified beneficiaries uner the Florida Prepaid College Plan. http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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FLRule Adoption 12/2003Postsec.Florida Prepaid College Plan and Investment Plan - Balance Limit
FAC 19B-4.005
Incerases the maximum account balance limit applicable to advance payment contracts under the Florida Prepaid College Plan and accounts in the Florida College investment Plan, for individual beneficiaries. http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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FLRule Adoption 12/2003Postsec.Florida Prepaid College Plan and Investment Plan Balance Limits
FAC 19B-16.005
Increases the maximum account balance limit applicable to advance payment contracts under the Florida Prepaid College Plan and accounts in the Florida College Investment Plan, for individual beneficiaries. http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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FLRule Adoption 12/2003Postsec.Florida Prepaid College Plan - Payments
FAC 19B-4.003
Revises the forms of payment that may be used to make payments for advance payment contracts for the Florida Prepaid College Plan.l http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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FLRule Adoption 12/2003Postsec.Florida College Investment Plan - Payments
FAC 19B-16.004
Revises the forms of payment that may be used to make payments on accounts in the Florida College Investment Plan. http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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FLRule Adoption 12/2003Postsec.Florida Prepaid College Plan - Pricing
FAC 19B-4.002
Amends rules to revise the actuarial assumptions for pricing of contracts for the Florida Prepaid College Plan. http://fac.dos.state.fl.us/faconline/chapter19.pdf...

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NYSigned into law 09/2003Postsec.Choice Tuition Savings Program
A.B. 8573
Amends the education law and the tax law, in relation to the state college choice tuition savings program....

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OHSigned into law 08/2003P-12
Postsec.
Ohio Tuition Trust Fund
H.B. 3--Sec. 3334.12
If assets of the Ohio tuition trust authority are found to be insufficient to ensure actuarial soundness, the authority must adjust the price of subsequent purchases of tuition credits to the extent necessary to help restore the actuarial soundness of the fund...

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NYSigned into law 08/2003Postsec.Tuition Saving Programs
A.B. 8572
Authorizes the investment of the New York state college choice tuition savings program in funding agreements issued by life insurance companies doing business in this state....

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ILSigned into law 06/2003Postsec.Prepaid Tuition Fund
S.B. 1047
Prohibits the State Comptroller from deducting for payments to institutions from the Prepaid Tuition Trust Fund. Provides that the Comptroller shall not deduct from fund held by the State Treasurer for payments to institutions from the Illinois Prepaid Tuition...

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VTSigned into law 06/2003Postsec.Higher Education Investment Plan
H.B. 141
Relates to the state higher education investment plan income tax credit; provides that contributions to such account shall be eligible for a credit against income tax....

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GAVetoed 06/2003Postsec.Contributions to Higher Education Savings Plan
H.B. 424
Relates to salaries and fees of public officers and employees; provides that deductions are authorized for the purpose of contributing to savings trust accounts established under the Georgia Higher Education Savings Plan. http://www.legis.state.ga.us/legis/200...

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MDSigned by Governor 05/2003Postsec.College Savings Plans
H.B. 30
Establishes the College Savings Plans of Maryland and the State Prepaid College Trust; changes the name of the Maryland Higher Education Investment Board to the College Savings Plans of Maryland Board; provides that the plan, the board and investment accounts ...

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MDSigned by Governor 05/2003Postsec.College Savings Plans
S.B. 499
Establishes the College Savings Plans of Maryland; establishes the State Prepaid College Trust; provides that the College Savings Plans, the Board, and investment accounts are not subject to specified provisions of law; authorizes the inspection of certain pub...

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MTSigned into law 05/2003Postsec.Family Education Savings Program
H.B. 539
Revises family education savings program provisions. Specifies that investment products refers to certificates of deposit, savings accounts paying fixed or variable interest, financial instruments, one or more mutual funds, and a mix of mutual funds. Specifie...

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LAAdopted 04/2003Postsec.Student Tuition and Revenue Trust (START Saving) Program
LAC 28:VI.107
Amends rules concerning the Student Tuition and Revenue Trust (START Saving) Program. Revises applicable definitions under the general provisions....

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WVSigned into law 03/2003Postsec.West Virginia Prepaid Tuition and Savings Program
H.B. 2953
Clarifies how moneys in the prepaid tuition trust fund are processed when the plan is terminated; closes the prepaid tuition plan to new contracts until further legislative authorization; continues the plan as to current contract owners; provides for accrual o...

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LAEmergency Rule Adoption 03/2003Postsec.START Saving Program
LAC 28:VI.315
Specifies that for the year ending December 31, 2002, the Louisiana Education Tuition and Savings Fund earned an interest rate of 5.82%, and that for the year ending December 31, 2002, the Earnings Enhancements Fund earned an interest rate of 5.91%. http://www...

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ARSigned into law 03/2003Postsec.Tax Deferred Tuition Savings
H.B. 1735
Amends the Arkansas tax-deferred tuition savings program act of 1999....

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MSSigned into law 03/2003Postsec.Mississippi Prepaid Affordable College Tuition
S.B. 2004
Specifies that within the Mississippi Prepaid Affordable College Tuition (MPACT) Program, no one making advance payments into the fund may ask for or receive any form of compensation, commission, fee, service charge or other payment for entering inot a contrac...

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MERule Adoption 03/2003Postsec.Maine College Savings Program
94-457-611
Implements the NextGen Scholarship programs. Eliminates all references to the Procedures and Guidelines. Makes other minor changes. http://www.state.me.us/sos/cec/rcn/apa/notices/030503.htm...

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SDSigned into law 02/2003Postsec.Higher Education Savings Program
S.B. 32
Exempts the higher education savings program accounts from certain claims of creditors; provides certain moneys placed in education savings accounts are not exempt under this statute in bankruptcy proceedings....

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MDAdopted 12/2002Postsec.Individual Income Tax STATE ID: 02-345
COMAR 03.04.02.15
Provides procedures for the computation application of certain addition and subtraction modifications for an individual who establishes an account under the Maryland College Investment Plan. Makes contribution to the account. MARYLAND REG 9258 (SN)...

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MDEmergency Rule Adoption 12/2002Postsec.Maryland College Investment Plan STATE ID: 02-375
COMAR 14.15.02.01 -.04
Makes definitions relating to the Maryland Higher Education Investment Board. MARYLAND REG 9299 (SN)...

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KSAdopted 11/2002Postsec.Excess Contributions/Withdrawals
KAR 3-2-2, -3
Establishes rules considering the adoption of proposed amended rules and regulations of the Kansas State Treasurer on a permanent basis. Implements the Kansas postsecondary education savings program (known as Learning Quest). Addresses both regulations are pro...

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LAEmergency Rule Adoption 11/2002Postsec.Student Tuition and Revenue Trust, START Saving Program
LAC 28:VI.107
Establishes emergency rules to allow the Office of Student Financial Assistance to effectively administer the Student Tuition and Revenue Trust (START Saving) program. Provides definitions of terms. LOUISIANA REG 8662 (SN)...

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LASigned into law 08/2002Postsec.Louisiana Student Tuition Assistance Revenue Trust Program
SB 19A
Amends law that established Louisiana Student Tuition Assistance Revenue Trust Program (START), a mechanism for persons to establish savings accounts as owners to be used by named beneficiaries to pay the cost of eligible postsecondary education expenses. Cha...

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KSSigned into law 06/2002P-12
Postsec.
Postsecondary Education Savings Account Program
S.B. 403
Relates to the Postsecondary Education Savings Account Program; exempts monies held in a family postsecondary education account from claims of support creditors; establishes exceptions. Allows any person to make deposits into account. Eliminates certain langu...

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MDVetoed 05/2002P-12
Postsec.
Prepaid Tuition Program Accounts
H.B. 437
Prohibits the Higher Education Investment Board from allowing the same purchaser or contributor to purchase multiple prepaid tuition contracts or open multiple investment accounts for a single beneficiary in the same year; clarifies the application of income t...

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MDVetoed 05/2002P-12
Postsec.
Maryland Prepaid Tuition Program
S.B. 383
Makes substantial changes to the Maryland prepaid tuition program. http://mlis.state.md.us/2002rs/bills/sb/sb0383e.rtf http://mlis.state.md.us/2002rs/veto_letters/sb0383.htm...

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AZSigned into law 05/2002P-12
Postsec.
Family College Savings Program
H.B. 2098
Relates to the Family College Savings Program; defines eligible educational institution; amends "qualified higher education expenses," provides penalties for nonqualified withdrawals; requires the commission to establish a maximum balance so that excess contri...

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GASigned into law 04/2002P-12
Postsec.
Georgia Higher Education Savings Plan
H.B. 1434
Amends Title 20 of the Official Code of Georgia Annotated, so as to change certain provisions regarding the Georgia Higher Education Savings Plan; to change certain provisions regarding definitions; to change certain provisions regarding the board of directors...

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INSigned into law 03/2002P-12
Postsec.
College Choice Plan
H.B. 1273
Renames the Family College Savings Plan the College Choice Plan; conforms definitions used in the education savings program law to recent changes to the federal enabling statute; repeals provisions concerning the program investment policies, the prohibition ag...

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KYSigned into law 02/2002P-12
Postsec.

H.B. 386
Relates to Kentucky's Postsecondary Education Prepaid Tuition Program; permits the board to develop and maintain a scholarship program for financially disadvantaged families and students; clarifies the payment of tuition contracts; clarifies the payment proced...

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IDSigned into law 02/2002P-12
Postsec.

H.B. 464
Expands the definition of family member under the Idaho College Savings Program to include first cousins; revises the definitions of nonqualified withdrawal and qualified higher education expenses to comply with federal law; eliminates the penalty to be assess...

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MISigned into law 12/2001P-12
Postsec.
Revisions to Education Savings Account Program
H.B. 5317
Clarifies penalty provision for certain withdrawals of tax deferred education savings account; revises definitions....

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RIBecame law without GOVERNOR'S signature 07/2001Postsec.Tuition Savings Programs
H.B. 6339
This act would make various amendments in the provisions of the general laws relating to tuition savings and prepaid tuition programs, including, in particular, the addition of tax incentives for programs participation. This act would take effect for taxable y...

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NCSigned into law 06/2001Postsec.Nonresident Participation in Savings Trust Funds
S.B. 573
Session Law Number 243., Clarifies that nonresidents may participate in the Parental Savings Trust Fund to enable qualified parents to save funds to meet the costs of postsecondary education expenses for eligible students; provides the fund is to be administer...

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NJSigned into law 06/2001Postsec.Prepaid Higher Education Expense Program
A.B. 1622
Establishes the New Jersey Prepaid Higher Education Expense Program to provide a means of payment of the costs of tuition in advance of enrollment at a public institute of higher education; establishes the NJBEST and Prepaid Higher Education Expense Board; sta...

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NVSigned into law 06/2001Postsec.Nevada College Savings Program
A.B. 554
Requires the state treasurer to adopt regulations to establish and carry out the Nevada College Savings Program as authorized by federal law; creates the Nevada College Savings Trust Fund and provides for its administration; eliminates the prospective expirati...

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SCSigned into law 06/2001Postsec.South Carolina College Investment Program
H.B. 3529
Establishes the South Carolina College Investment Program with the Intent of encouraging attendance at institutions of higher learning, helping individuals plan for educational expenses and providing a program of investment trust agreements to apply distributi...

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TXSigned into law 05/2001P-12
Postsec.
Higher Education Savings Plan
S.B. 555
The bill establishes a higher education savings plan which would enable individuals to save money for qualified higher education expenses by establishing a savings trust account in the plan. The bill would require the Prepaid Higher Education Tuition Board to...

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OKSigned into law 05/2001Postsec.Tax Deductions for Oklahoma College Savings Plan Accounts
H.B. 1896
Authorizes deduction for contributions to Oklahoma College Savings Plan Accounts. In taxable years beginning after December 31, 2001, there shall be allowed a deduction in the amount of a contribution to an account established pursuant to the Oklahoma College...

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ORSigned into law 05/2001Postsec.Deductions for Oregon Qualified Tuition Savings Plan
H.B. 3080
1999 SB 756 established the Oregon Qualified Tuition Savings Plan. Beginning 2001, annual contributions up to $2,000 to a qualified account can be subtracted from Oregon taxable income. Under Internal Revenue Code section 529, realization of earnings accruing...

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ALSigned into law 05/2001Postsec.Prepaid College Tuition Program
S.B. 302
Provides for the Prepaid Affordable College Tuition Program by redefining certain words and terms; provides prepaid tuition contracts under the program and additional duties of the board; creates and establishes the Alabama College Savings Investment (ACES) Pl...

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MTSigned into law 05/2001Postsec.Eligibility for Family Education Savings Accounts
S.B. 258
Revises the laws governing family education savings accounts; excludes from income those earnings on accounts that are withdrawn for qualified expenses; imposes a tax on certain withdrawals from accounts instead of recapturing the withdrawals as income; clarif...

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WVSigned into law 05/2001Postsec.Prepaid Tuition
H.B. 2527
Creates the College Prepaid Tuition and Savings Program Act....

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MNVetoed 04/2001P-12
Postsec.
EdVest College Savings Program
H.B. 550
Relates to higher education; extends authority to adopt rules for Edvest....

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WASigned into law 04/2001Postsec.College Savings Program
H.B. 2126
Allows establishment of a college savings program. If such a program is established, the college savings program must be a qualified state tuition program as defined by the internal revenue service under section 529 of the internal revenue code, and shall be a...

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GASigned into law 03/2001Postsec.Higher Education Savings Plan
H.B. 417
Enacts the Higher Education Savings Plan; provides a program of savins trust agreements to apply distributions toward qualified higher education expenses at eligible educational institutions; assists in financing costs of attending institutions of higher educa...

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IDSigned into law 03/2001Postsec.College Savings Accounts
S.B. 1036
Provides that of contributions are made to college savings accounts on or before 04/15/2001, it may be deducted for income tax purposes for tax year 2000; provides that an individual can make another contribution during 2001 and claim the deduction according t...

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NMSigned into law 03/2001Postsec.Amends Education Trust Act
H.B. 762
The board may create within the fund separate trust funds or accounts for college investment agreements and prepaid tuition contracts, and may deposit all money received pursuant to college investment agreements and prepaid tuition contracts into the related s...

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ORSigned into law 03/2001Postsec.Oregon Qualified Tuition Savings Program
H.B. 2124
Expands Oregon Qualified Tuition Savings Program to permit participation by nonresidents and legal entities other than individuals; exempts account moneys from garnishment, execution, attachment or application of bankrupt or insolvent law; authorizes Oregon Qu...

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SDSigned into law 02/2001Postsec.Higher Education Savings Plan
S.B. 248
Creates a Higher Education Savings Plan....

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NYSigned into law 10/2000Postsec.College Savings Plans
A.B. 8834
Relates to the College Choice Tuition Savings Program; amends the definition of eligible education institution; permits an account owner to designate a successor owner of family tuition account in the event of the death of the original owner; increases the all...

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ILSigned into law 06/2000Postsec.College Savings Pool
S.B. 1862
Public Act No. 91-829, Amends the State Treasurer Act; makes a technical change in the College Savings Pool Section; provides that the College Savings Pool's assets and operation are exempt from taxation by the State and its subdivisions, as are its accrued ea...

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LASigned into law 06/2000Postsec.Tax-Free Deposits
S.B. 81
Makes deposits to the START Tuition Savings Program exempt from state income tax and provides for direct deposit of state income tax refunds....

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MISigned into law 06/2000P-12
Postsec.
Education Savings Accounts
H.B. 5654
Provides for income tax deductions for tax-deferred education savings account contributions....

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MISigned into law 06/2000Postsec.Tax Deductions for College Savings Accounts
H.B. 5653
Public Act 162., Provides for income tax deductions for contributions to the State Education Savings Account Program....

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MISigned into law 06/2000P-12
Postsec.
Education Savings Accounts
S.B. 599
Relates to income tax; establishes tax-deferred education savings account....

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PASigned into law 06/2000Postsec.Amends College Savings Bond Act
S.B. 8
Act No. of 2000., Amends the Tuition Account Program and College Savings Bond Act. Expands the scope of the Act. Further provides for tuition account programs. Establishes scholarship programs....

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MDSigned into law 05/2000Postsec.Program Name Change
H.B. 11
Changes the name of the Maryland Higher Education Investment Program to the Maryland Prepaid College Trust; authorizes the Maryland Higher Education Investment Board to provide for rebates to owners of prepaid contracts; requires the Board to allow the transfe...

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IASigned into law 05/2000Postsec.Educational Savings Plan
H.B. 2550
Relates to the educational savings plan trust; provides an effective date....

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NESigned into law 04/2000Postsec.Education Savings Plan
L.B. 1003
Creates an educational savings plan for Nebraskans who want to save for their child's college education. The program will accept and invest contributions from participants to pay for future education costs for designated beneficiaries. The minimum annual contr...

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IDSigned into law 04/2000Postsec.College Savings Program
H.B. 627
Establishes the College Savings Program; establishes the College Savings Program Board; provides the powers and duties of the board....

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MDVetoed 04/2000Postsec.Maryland Prepaid College Trust
S.B. 140
Changes the name of the Maryland Higher Education Investment Program to the Maryland Prepaid College Trust; authorizes the Maryland Higher Education Investment Board to provide for certain rebates to owners of prepaid contracts; requires the Board to allow the...

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MSSigned into law 04/2000Postsec.Affordable College Savings Program
S.B. 2298
Creates Affordable College Savings Program; reconstitutes tuition board; authorizes board to manage the state Prepaid Affordable College Tuition Program and the state Affordable College Savings Program....

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KYSigned into law 03/2000P-12
Postsec.
Kentucky Education Savings Plan Trust
H.B. 462
Relates to Education Finance; deletes endowment trust held by the Kentucky Educational Savings Plan Trust; deletes definition of endowment trust; delegates particular functions to the program administrator; deletes that a beneficiary must be under 15 when acco...

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WVSigned into law 03/2000P-12
Postsec.
Modifies the Prepaid Tuition Program
H.B. 4679
Relates to the prepaid tuition contract; authorizes a reduction in Federal adjusted gross income for purposes of the West Virginia personal income tax; extends the modification for payments made for other college savings plans administered by the Board of Trus...

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WYSigned into law 03/2000P-12
Postsec.
Family College Savings Program
S.B. 70
Relates to the family college savings program; modifies the program; establishes a trust; specifies the trustee; modifies duties of the Select Committee on Capital Financing and Investments and the State Treasurer; grants rulemaking authority; clarifies progra...

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AKSigned into law 03/2000Postsec.College Tuition Savings Plan
S.B. 186
Relates to tuition; establishes a college tuition savings plan....

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INSigned into law 03/2000Postsec.Save Indiana Program
S.B. 373
Relates to education; defines the Save Indiana Program; makes conforming changes; extends the expiration date of a noncode provision that requires the Treasurer of State, Board for Depositories, Commission for Higher Education, and State Student Assistance Com...

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KSSigned into law 03/2000Postsec.Postsecondary Education Savings Program
H.B. 2655
Concerns the Kansas postsecondary education savings program....

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KYSigned into law 03/2000Postsec.Prepaid Tuition Trust Fund
H.B. 180
Creates the Commonwealth Postsecondary Education Prepaid Tuition Trust Fund to be governed by a board of directors and administered by a division in the Office of the State Treasurer; establishes membership and duties regarding the prepaid tuition program; ide...

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OHSigned into law 03/2000P-12
Postsec.
College Savings Program
S.B. 161
Authorizes the Ohio Tuition Trust Authority to establish a variable college savings program....

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SDVetoed 03/2000Postsec.Education Savings Plan
H.B. 1057
Creates the South Dakota education savings plan....

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UTSigned into law 03/2000Postsec.College Savings Plans
H.B. 225
Relates to higher education; increases the age designation for beneficiaries designated in participation agreements from birth to age 16 to birth to age 18 as a tax incentive....

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VASigned into law 02/2000P-12
Postsec.
College Savings Plan
H.B. 438
Changes the name of the Higher Education Tuition Trust Fund to the College Savings Plan; removes contributors to a savings trust account within the Plan who are over a specified age from requirement that deductions for such contributions not exceed a specified...

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VASigned into law 02/2000P-12
Postsec.
Virginia College Savings Plan
S.B. 359
Relates to college tuition savings initiatives; changes the name of the Virginia Higher Education Tuition Trust Fund to the Virginia College Savings Plan, removes contributors to a savings trust account within the Plan who are age 70 and over from the requirem...

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