Sec. 202. 529 plan distribution for student loan payments
116 words·~1 min read·
/bill/115/hr/3630/ih/section-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
529 plan distribution for student loan payments Section 529(e)(3)(A) is amended by striking clause
(iii)and inserting the following new clause: interest or principal paid with respect to a qualified education loan (as defined in section 221) with respect to a designated beneficiary. . Section 529(e)(3)(A) of such Code is amended by striking the second sentence. Section 72(t)(7)(A) of such Code is amended by inserting determined without regard to subparagraph (A)(iii) thereof after section 529(e)(3) . Section 530(b)(2)(A)(i) of such Code is amended by inserting determined without regard to subparagraph (A)(iii) thereof after section 529(e)(3) . The amendments made by this section shall apply to distributions made after the date of the enactment of this Act.