Indiana Statutes
§ 6-3-2-19 — Distributions for higher education; exemptions
(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.
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Legislative History
As added by P.L.15-2001, SEC.1.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"