PLAN ESTABLISHED.
Applied in 2 court decisions — leading case Addison v. Seaver (2008)
Most recently applied in Addison v. Seaver (August 2008)
1997 c 183 art 2 s 12; 1Sp2001 c 1 art 3 s 2,23; 2003 c 133 art 3 s 4; 1Sp2011 c 5 art 2 s 5; 2020 c 109 art 2 s 1
A college savings plan known as "the Minnesota college savings plan" or "the Minnesota 529 college savings plan" is established. In establishing this plan, the legislature seeks to encourage individuals to save for postsecondary education by:
(1) providing a qualified tuition plan under federal tax law; and
(2) encouraging individuals, foundations, and businesses to provide additional grants to participating students.
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.