Supreme Court mum on hitch for 529s
After expecting a decision from the U.S. Supreme Court in February, the college savings plan industry is still waiting to hear whether the high court will review a case that could affect 529 plans.
After expecting a decision from the U.S. Supreme Court in February, the college savings plan industry is still waiting to hear whether the high court will review a case that could affect 529 plans. 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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