Arizona's education savings plan; revisions

Summary

The bill amends Arizona statutes governing the AZ529 college savings trust, updating key definitions such as who qualifies as a family member, what counts as qualified education expenses, and what withdrawals are considered qualified or non‑qualified. It clarifies how funds can be used for K‑12 tuition, apprenticeship costs, and student loan payments, and it sets limits on certain withdrawals. The changes affect account owners, designated beneficiaries, and their families who use the state’s tax‑advantaged education savings accounts.

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