Georgia HB1300: Georgia Higher Education Savings Plan Act; raise maximum amount of contributions allowed per beneficiary for savings trust accounts

What the bill says

To amend Code Section 20-3-634 of the Official Code of Georgia Annotated, relating to savings trust accounts, availability, and terms and provisions under the "Georgia Higher Education Savings Plan Act," so as to raise the maximum amount of contributions allowed per beneficiary for savings trust accounts for higher education expenses; to provide for an effective date; to provide for related matters; to repeal conflicting laws; and for other purposes.

From the introduced text:

A BILL TO BE ENTITLED To amend Code Section 20-3-634 of the Official Code of Georgia Annotated, relating to savings trust accounts, availability, and terms and provisions under the "Georgia Higher Education Savings Plan Act," so as to raise the maximum amount of contributions allowed per beneficiary for savings trust accounts for higher education expenses; to provide for an effective date; to provide for related matters; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Code Section 20-3-634 of the Official Code of Georgia Annotated, relating to savings trust accounts, availability, and terms and provisions under the "Georgia Higher Education Savings Plan Act," is amended by revising paragraph (1) of subsection (b) as follows: "(1) The maximum and minimum contribution allowed on behalf of each beneficiary for the payment of qualified higher education expenses at eligible institutions as defined in Section 529 of the Internal Revenue Code of 1986 or other applicable federal law; provided, however, that no additional contributions may be made to a savings trust H. B. 1300 LC 61 0381 account when the total account balance for all accounts for the beneficiary equals or exceeds $235,000.00 $550,000.00;" SECTION 2. This Act shall become effective upon its approval by the Governor or upon its becoming law without such …

Read the full official text

Sponsors

• Devan Seabaugh (R, 34) · primary sponsor
• Beth Camp (R, 135)
• Jan Jones (R, 47)
• Carmen Rice (R, 139)
• Trey Kelley (R, 16)
• Matt Barton (R, 5)

Latest actions

1. April 2, 2026: House Committee Favorably Reported By Substitute
2. March 23, 2026: Senate Read and Referred
3. March 20, 2026: House Passed/Adopted
4. March 20, 2026: House Third Readers
5. February 18, 2026: House Second Readers
6. February 17, 2026: House First Readers
7. February 12, 2026: House Hopper

Common questions

What is HB1300?

HB1300 is a bill in the Georgia Legislature (2025-2026 Regular Session): Georgia Higher Education Savings Plan Act; raise maximum amount of contributions allowed per beneficiary for savings trust accounts.

What does HB1300 do?

In its own words: To amend Code Section 20-3-634 of the Official Code of Georgia Annotated, relating to savings trust accounts, availability, and terms and provisions under the "Georgia Higher Education Savings Plan Act," so as to raise the maximum amount of contributions allowed per beneficiary for savings trust accounts for higher education expenses; to provide for an effective date; to provide for related matters; to repeal conflicting laws; and for other purposes.

What is the status of HB1300?

In committee as of April 2, 2026. Latest action: House Committee Favorably Reported By Substitute (April 2, 2026).

Who sponsored HB1300?

Devan Seabaugh (R, 34), with 5 co-sponsors.

Where is the official record for HB1300?

On the Georgia Legislature website: https://www.legis.ga.gov/legislation/73177