33-5405. Taxation to beneficiary.
50 words·~1 min read·
/id/title-33-education/chapter-54-college-savings-program/33-5405·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The designated beneficiary, as defined in section 529(e)(1) of the Internal Revenue Code, from an individual trust account or savings account established under this chapter is liable for taxes that may accrue under
chapter 30, title 63
, Idaho Code, when a nonqualified withdrawal is received by the designated beneficiary.