The designated beneficiary, as defined in section 529(e) (1) of the Internal Revenue Code, from an individual trust account or savings account established under this chapter is liable for taxes that may accrue under chapter 30, title 63, Idaho Code, when a nonqualified withdrawal is received by the designated beneficiary.
Idaho Code § 33-5405
Taxation to beneficiary
I.C., § 33-5405, as added by 2000, ch. 213, § 1, p. 573; am. 2020, ch. 245, § 3, p. 716.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.