Indiana House Bill 1096

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-16 - Representative Manning added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

529 college savings distributions. Excludes from Indiana adjusted gross income distributions made from a 529 college choice education savings plan (529 account) that are not used to pay qualified higher education expenses but that satisfy each of the requirements under Section 126 of the SECURE 2.0 Act of 2022. Provides that such distributions are not subject to the: (1) penalty provisions established by the board of directors of the Indiana education savings authority; or (2) repayment provisions for the income tax credit for contributions to an individual's 529 account.

529 college savings distributions.

Rep. John Prescott [R]

Rep. Elizabeth Rowray [R]

Rep. Edward DeLaney [D]

Rep. Ethan Manning [R]

Date	Chamber	Action
2024-01-16	House	Representative Manning added as coauthor
2024-01-08	House	First reading: referred to Committee on Ways and Means
2024-01-08	House	Authored by Representative Prescott
2024-01-08	House	Coauthored by Representatives Rowray and DeLaney

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1096/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1096/HB1096.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1096/fiscal-notes/HB1096.01.INTR.FN001.pdf