Recent Federal News
First Step by CollegeInvest provides $100 savings for newborns
Colorado Governor Jared Polis, and CollegeInvest announced the launch of First Step, a new program that gives every child born or adopted in the State of Colorado, beginning on January 1, 2020, a $100 contribution to their CollegeInvest 529 college savings account.
MSRB Proposes Reporting Changes under Form G-45
The Municipal Securities Rulemaking Board (MSRB) has published a proposal to change reporting requirements for municipal fund securities under Form G-45. The proposal was published in the Federal Register on November 2, 2018 and public comments are due by November 23, 2018.The proposal seeks to clarify program management fees for 529 college savings plans and ABLE accounts, add information about the closing date for current investors in "closed" investment options in 529 plans and delete data elements concerning annualized three-year performance information.For more information, click here
President Trump signs Tax Cuts and Jobs Act into law
The GOP tax reform expands 529 plan benefits to allow qualified withdrawals for K-12 private school expenses. The new law also allows a person living with a disability to rollover a traditional 529 plan to an 529 ABLE account without tax consequences.