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Home » US Law » 2022 Indiana Code » Title 6. Taxation » Article 3. State Income Taxes » Chapter 2. Imposition of Tax and Deductions » 6-3-2-19. Distributions for Higher Education; Exemptions

Sec. 19. (a) As used in this section, “account beneficiary” has the meaning set forth in IC 21-9-2-3.

(b) As used in this section, “account owner” has the meaning set forth in IC 21-9-2-4.

(c) As used in this section, “individual account” has the meaning set forth in IC 21-9-2-2.

(d) As used in this section, “qualified higher education expenses” has the meaning set forth in IC 21-9-2-19.5.

(e) Distributions from an individual account used to pay qualified higher education expenses are exempt from the adjusted gross income tax imposed by IC 6-3-1 through IC 6-3-7 as income of an account beneficiary or an account owner.

As added by P.L.15-2001, SEC.1.