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Nevada passes tax credit for employers who match 529 contributions

(July 14, 2015) - The state of Nevada has passed Senate Bill (SB) 412, a tax credit for Nevada employers who make a matching contribution to employees participating in a Nevada 529 college savings plan. The new law will allow a 25% tax credit on matched contributions up to $500 per employee. The tax credit is expected to become effective on January 1, 2016.

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