Tennessee bill would exempt all 529 plans - Update


The Tennessee House has passed House Bill 2953 (Senate Bill 2894) that would equalize Tennessee treatment of in-state and out-of-state 529 plans. All 529 assets and distributions would be exempt from the Tennessee Hall Tax and would gain protection from creditors. The bill is pending in the Senate.

Update 5/7/04
The Senate has approved SB2894/HB2953, sending the package to the Governor for signature.
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