Indiana · 2025 Regular Session · Bill
HB 1150: 529 college savings distributions.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1150 is a bill introduced in the Indiana House on January 8, 2025. According to its official title, it concerns: 529 college savings distributions. Primary sponsor: J.D. Prescott (Republican). It lists 3 additional sponsors. Most recent recorded action (January 8, 2025): First reading: referred to Committee on Ways and Means.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Excludes from Indiana adjusted gross income distributions made from a 529 college choice education savings plan (529 account) that are not used to pay qualified higher education expenses but that satisfy each of the requirements under Section 126 of the SECURE 2.0 Act of 2022. Provides that such distributions are not subject to the: (1) penalty provisions established by the board of directors of the Indiana education savings authority; or (2) repayment provisions for the income tax credit for contributions to an individual's 529 account.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Republican 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| J.D. Prescott | Primary sponsor | Republican | House | 33 |
| Ed DeLaney | Co-sponsor | Democratic | House | 86 |
| Ethan Manning | Co-sponsor | Republican | House | 23 |
| Elizabeth Rowray | Co-sponsor | Republican | House | 35 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- First reading: referred to Committee on Ways and Means
- Authored by Representative Prescott
- Coauthored by Representatives Manning, DeLaney, Rowray