Decision coming in municipal bond case
The college savings plan industry should find out this month whether the U.S. Supreme Court will review a case that could affect 529 college savings plans, according to a published report.
The college savings plan industry should find out this month whether the U.S. Supreme Court will review a case that could affect 529 college savings plans, according to a published report. A Kentucky court ruled last year that the state’s tax on interest earned on out-of-state municipal bonds is unconstitutional. The appeal to the Supreme Court holds significance for 529 plans because they are governed as municipal fund securities.
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