South Dakota's higher education savings plan law currently references an outdated version of the federal Internal Revenue Code, and this bill updates that reference to match current federal tax law. This ensures South Dakota's 529 college savings plan rules stay aligned with how the federal government now defines contributions, rollovers, and other key terms for these accounts. The change allows the state to properly administer these savings plans under current federal guidelines.
Signed by the Governor H.J. 242
Delivered to the Governor H.J. 202
Signed by the President S.J. 165
Signed by the Speaker H.J. 185
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 131
Education Certified uncontested, placed on consent S.J. 5
Education Do Pass Passed, YEAS 5, NAYS 0. S.J. 5
Education Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Education S.J. 75
House of Representatives Do Pass Passed, YEAS 69, NAYS 0. H.J. 53
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
Do Pass
Education — Do Pass
Do Pass
Education — Do Pass