College savings program.

Summary

The bill updates the Indiana529 plan so its definitions, contribution rules, and withdrawal categories line up with the federal Section 529 code. It creates a tax credit of up to 20% of contributions, capped at $1,500 (or $750 for separate filers). The changes affect anyone who contributes to, owns, or receives benefits from an Indiana529 account.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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