West Virginia HB4768: Relating to updating definitions to incorporate federal law changes to qualified higher education expenses for purposes of 529 accounts

What the bill says

An act to amend and reenact §18-30-3 of the Code of West Virginia, 1931, as amended, relating to updating definitions to incorporate federal law changes to qualified higher education expenses for purposes of 529 accounts. ARTICLE 30. WEST VIRGINIA COLLEGE PREPAID TUITION AND SAVINGS PROGRAM ACT. §18-30-3. Definitions. For the purposes of this article, the following terms have the meanings ascribed to them, unless the context clearly indicates otherwise or as otherwise provided in 26 U.S.C. § 529: "Account" means a savings plan account established in accordance with this article. "Account owner.

From the enrolled text, March 12, 2026:

AN ACT to amend and reenact §18-30-3 of the Code of West Virginia, 1931, as amended, relating to updating definitions to incorporate federal law changes to qualified higher education expenses for purposes of 529 accounts. ARTICLE 30. WEST VIRGINIA COLLEGE PREPAID TUITION AND SAVINGS PROGRAM ACT. §18-30-3. Definitions. For the purposes of this article, the following terms have the meanings ascribed to them, unless the context clearly indicates otherwise or as otherwise provided in 26 U.S.C. § 529: "Account" means a savings plan account established in accordance with this article. "Account owner" means the individual, corporation, association, partnership, trust, or other legal entity who enters into a savings plan contract and invests money in a savings plan account. "Beneficiary" means the individual designated as a beneficiary at the time an account is established, the individual designated as the beneficiary when beneficiaries are changed, the individual entitled to receive distributions from an account, and any individual designated by the account owner, his or her agent, or his or her estate in the event the beneficiary is unable or unwilling to receive distributions under the terms of the contract. "Board" means the Board of Trustees of the West Virginia College and Jumpstart Savings Programs as provided in §18-30-4 of this code. "Distribution" means any disbursement from an account in accordance with 26 …

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