Michigan § 390.1481 Account distributions; report to internal revenue service and account owner; statements.

Michigan Statutes

§ 390.1481 — Account distributions; report to internal revenue service and account owner; statements.

Michigan § 390.1481

Ch. 390UNIVERSITIES AND COLLEGES

Act 161 of 2000MICHIGAN EDUCATION SAVINGS PROGRAM ACT (390.1471-390.1486)

This text of Michigan § 390.1481 (Account distributions; report to internal revenue service and account owner; statements.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.1481 (2026).

Text

MICHIGAN EDUCATION SAVINGS PROGRAM ACT (EXCERPT) Act 161 of 2000 390.1481 Account distributions; report to internal revenue service and account owner; statements. Sec. 11.

(1)Each program manager shall report distributions from an account to any individual or for the benefit of any individual during a tax year to the internal revenue service and the account owner or, to the extent required by federal law or regulation, to the distributee.

(2)Each program manager shall provide statements that identify the individual contributions made during the tax year, the total contributions made to the account for the tax year, the value of the account at the end of the tax year, distributions made during the tax year, and any other information that the treasurer requires to each account owner on or

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

MICHIGAN EDUCATION SAVINGS PROGRAM ACT (EXCERPT) Act 161 of 2000 390.1481 Account distributions; report to internal revenue service and account owner; statements. Sec. 11. (1) Each program manager shall report distributions from an account to any individual or for the benefit of any individual during a tax year to the internal revenue service and the account owner or, to the extent required by federal law or regulation, to the distributee. (2) Each program manager shall provide statements that identify the individual contributions made during the tax year, the total contributions made to the account for the tax year, the value of the account at the end of the tax year, distributions made during the tax year, and any other information that the treasurer requires to each account owner on or before the January 31 following the end of each calendar year.