Idaho Statutes
§ 33-5405 — TAXATION TO BENEFICIARY
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.
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Legislative History
[33-5405, added 2000, ch. 213, sec. 1, p. 580; am. 2020, ch. 245, sec. 3, p. 719.]
Nearby Sections
15
§ 33-1001
DEFINITIONS§ 33-1002
EDUCATIONAL SUPPORT PROGRAM§ 33-1002B
PUPIL TUITION-EQUIVALENCY ALLOWANCES§ 33-1002C
SUMMER AND NIGHT SCHOOL PROGRAM SUPPORT UNITS — ALTERNATIVE SCHOOL — JUVENILE DETENTION FACILITY§ 33-1002E
PUPILS ATTENDING SCHOOL IN ANOTHER STATE§ 33-1002F
ALTERNATIVE SCHOOL REPORT§ 33-1003A
CALCULATION OF AVERAGE DAILY ATTENDANCE§ 33-1004
STAFF ALLOWANCE§ 33-1004A
EXPERIENCE AND EDUCATION MULTIPLIER§ 33-1004B
CAREER LADDER