IN HB1241

Withdrawals from Indiana 529 plans to contribute to a Roth IRA are designated as "qualified withdrawals," meaning they would not trigger tax credit repayment requirements, subject to federal SECURE 2.0 Act limitations

Indiana Education Savings Authority must coordinate with the Treasurer of State in administering 529 plan contributions

Amends IC 6-3-3-12, with substantive provisions effective January 1, 2027, applying to taxable years beginning after December 31, 2026

Introduced January 5, 2026 by Representatives Hall and Pierce K, referred to House Committee on Ways and Means