SD LEG Higher Education Savings Plans

Published on: Mar 18, 2025

On Mar. 13, SD LEG enacted bill to update reference in plan definitions

  • SD LEG enacted bill HB 1001, to amend SD LEG 13-63-1, to update a reference within the section to the Internal revenue code in regard to higher education savings plans.
  • Legislative History
  • On Jan. 14, 2025, bill was introduced in House; on Jan. 21, 2025, bill passed House.
  • On Jan. 22, 2025, bill was introduced in Senate; on Feb. 27, 2025, bill passed Senate.
  • On Mar. 5, 2025, bill delivered to governor; on Mar. 11, 2025, bill signed by governor.
  • Effectiveness
  • SD law states effective date of bills passed during regular session set for Jul. 1, 2025.
Regulators
SD LEG
Entity Types
Bank; CNSM
Reference
Bill HB1001, 3/13/2025; Citation: SD LEG 13-63-1;
Functions
Compliance; Financial; Legal; Tax
Countries
United States of America
Category
State
N/A
Products
Banking; Deposits; Education
Rule Type
Final
Regions
Am
Rule Date
Mar 13, 2025
Effective Date
Jul 1, 2025
Rule ID
247128
Linked to
N/A
Reg. Last Update
Mar 13, 2025
Report Section
US Consumer