Ind. Code § 6-3-2-19 - Distributions for Higher Education; Exemptions

Ic 6-3-2-19 - Distributions for Higher Education; Exemptions
Ic 6-3-2-18 - Employee Medical Care Savings Accounts; exemption Limited to Deposits Before January 1, 2016Ic 6-3-2-20 - Corporations; Intangible Expenses; Directly related Interest Expenses; Exceptions

Sec. 19. (a) As used in this section, "account beneficiary" has the meaning set forth in IC 21-9-2-3.

     (b) As used in this section, "account owner" has the meaning set forth in IC 21-9-2-4.

     (c) As used in this section, "individual account" has the meaning set forth in IC 21-9-2-2.

     (d) As used in this section, "qualified higher education expenses" has the meaning set forth in IC 21-9-2-19.5.

     (e) Distributions from an individual account used to pay qualified higher education expenses are exempt from the adjusted gross income tax imposed by IC 6-3-1 through IC 6-3-7 as income of an account beneficiary or an account owner.

As added by P.L.15-2001, SEC.1.

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