South Dakota's law governing higher education savings plans references the federal tax code to define contributions and other key terms, and this bill updates that reference to use the current version of the Internal Revenue Code. The change ensures the state's education savings plan rules stay aligned with current federal tax law requirements. This is a technical update with no substantive changes to how the savings plans operate.
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Signed by the Governor H.J. 542
Delivered to the Governor H.J. 458
Signed by the President S.J. 443
Signed by the Speaker H.J. 443
Senate Do Pass Passed, YEAS 35, NAYS 0. S.J. 406
State Affairs Certified uncontested, placed on consent
State Affairs Do Pass Passed, YEAS 8, NAYS 0.
State Affairs Scheduled for hearing
Senate Referred to Senate State Affairs S.J. 101
First Reading Senate S.J. 72
House of Representatives Do Pass Passed, YEAS 66, NAYS 0. H.J. 44
Education Certified uncontested, placed on consent
Education Do Pass Passed, YEAS 15, NAYS 0.
Education Scheduled for hearing
First read in House and referred to House Education H.J. 12
State Affairs
Prime sponsor · Rep
Do Pass
State Affairs — Do Pass
Do Pass
Education — Do Pass