HB1004 updates South Dakota's higher education savings plan rules to reference a current version of the federal Internal Revenue Code, ensuring the state plan stays aligned with current federal tax law. This is a technical update that allows South Dakota residents to take advantage of any new savings opportunities or tax benefits that the federal government has added to these plans. The change ensures South Dakota's plan rules don't become outdated as federal tax law evolves.
Signed by the Governor H.J. 280
Delivered to the Governor H.J. 218
Signed by the President S.J. 183
Signed by the Speaker H.J. 201
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 137
Education Certified uncontested, placed on consent
Education Do Pass Passed, YEAS 6, NAYS 0.
Education Scheduled for hearing
First read in Senate and referred to Senate Education S.J. 60
House of Representatives Do Pass Passed, YEAS 68, NAYS 0. H.J. 46
State Affairs Certified uncontested, placed on consent
State Affairs Do Pass Passed, YEAS 12, NAYS 0.
State Affairs Scheduled for hearing H.J. 1
House of Representatives Referred to House State Affairs H.J. 24
First Reading House H.J. 14
Education — Do Pass
Do Pass
State Affairs — Do Pass