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2023 SESSION

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SB 1429 Virginia College Savings Plan; hybrid schools, classification.

Introduced by: David R. Suetterlein | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia College Savings Plan; hybrid schools; classification. Provides that the Virginia College Savings Plan shall consider any hybrid public-private elementary or secondary school to be a public elementary or secondary school or a private elementary or secondary school such that a beneficiary's account under a qualified tuition program established and maintained by the Plan may be used to cover up to $10,000 in expenses in any taxable year for tuition in connection with the beneficiary's enrollment or attendance at such a hybrid school as permitted pursuant to the relevant provision of § 529 of the federal Internal Revenue Code.


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