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IA SSB3027

SB

Official Source

Status

Introduced

1/14/2026

Primary Sponsor

State Government

Click for details

Origin

Senate

91st General Assembly

AI Summary

  • Amends Iowa Code Section 12D.1 to update the definition of "qualified education expenses" for the Iowa Educational Savings Plan Trust (529 plan)
  • Removes an outdated reference to a specific Public Law (Pub. L. No. 115-97) that amended the Internal Revenue Code, since "Internal Revenue Code" is already defined in Iowa Code to include all amendments
  • Maintains coverage for qualified higher education expenses, elementary and secondary school tuition, registered apprenticeship programs, and qualified education loan payments for beneficiaries or their siblings
  • Technical cleanup bill proposed by the State Treasurer to streamline statutory language without changing substantive eligibility for 529 plan distributions

Legislative Description

A bill for an act relating to the definition of qualified education expenses.(See SF 2137.)

Last Action

Committee report approving bill, renumbered as SF 2137.

1/28/2026

Committee Referrals

State Government1/14/2026

Full Bill Text

No bill text available