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GA HB1300

Bill

Official Source

Status

Introduced

2/12/2026

Primary Sponsor

Devan Seabaugh

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Increases the maximum contribution limit for Georgia 529 college savings accounts from $235,000 to $550,000 per beneficiary
  • Applies to savings trust accounts used for qualified higher education expenses at eligible institutions as defined under Section 529 of the Internal Revenue Code
  • No additional contributions permitted once total account balance across all accounts for a beneficiary reaches the new $550,000 threshold
  • Becomes effective immediately upon approval by the Governor or upon becoming law without such approval

Legislative Description

Georgia Higher Education Savings Plan Act; raise maximum amount of contributions allowed per beneficiary for savings trust accounts

Last Action

House Second Readers

2/18/2026

Committee Referrals

Higher Education2/17/2026

Full Bill Text

No bill text available