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GA SB469

Bill

Official Source

Status

Engrossed

2/29/2024

Primary Sponsor

Jason Esteves

Click for details

Origin

Senate

2023-2024 Regular Session

AI Summary

  • Removes the fixed $235,000 statutory cap on maximum contributions per beneficiary in Georgia's Higher Education Savings Plan (529 plan) savings trust accounts
  • Replaces the fixed dollar cap with a flexible "reasonable maximum amount" to be determined by the board based on current and anticipated education expenses
  • Amends Code Section 20-3-634 of Article 11, Chapter 3, Title 20 of the Official Code of Georgia Annotated governing the Georgia Higher Education Savings Plan
  • Passed the Georgia Senate and is officially cited as the "College Success 529 Expansion Act"

Legislative Description

"College Success 529 Expansion Act"; enact

Last Action

House Disagreed Senate Amend or Sub

3/28/2024

Committee Referrals

Higher Education3/4/2024
Higher Education2/9/2024

Full Bill Text

No bill text available