Indiana § 21-9-10-2 Exemption of accounts from state taxation

Indiana Statutes

§ 21-9-10-2 — Exemption of accounts from state taxation

Indiana § 21-9-10-2

Title 21HIGHER EDUCATION

Art. 9EDUCATION SAVINGS PROGRAMS

Ch. 10Miscellaneous Provisions

This text of Indiana § 21-9-10-2 (Exemption of accounts from state taxation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 21-9-10-2 (2026).

Text

(a)Accounts and all earnings or interest on accounts are exempt from taxation in Indiana to the extent that those accounts, earnings, and interest are exempt from federal taxation under the Internal Revenue Code, subject to any penalties that are established for education savings programs under this article.

(b)Distributions under IC 6-3-2-19 from an 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.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Accounts and all earnings or interest on
accounts are exempt from taxation in Indiana to the extent that those
accounts, earnings, and interest are exempt from federal taxation under
the Internal Revenue Code, subject to any penalties that are established
for education savings programs under this article.
(b) Distributions under IC 6-3-2-19 from an 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.