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Indiana Code — Title 6 (Taxation)

IC 6-3-2-19

Distributions for higher education; exemptions

Official textiga.in.govlast amended

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.

Amendment history

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

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Nearby sections (25 sections)
  1. 6-3-2-9 · Disability retirement; deduction; amount
  2. 6-3-2-10 · Unemployment compensation; deduction
  3. 6-3-2-11 · Deductions from adjusted gross income; federal employee paid
  4. 6-3-2-12 · Foreign source dividends; deduction; computation
  5. 6-3-2-13 · Expired
  6. 6-3-2-14 · Repealed
  7. 6-3-2-14.1 · Prize money accruing before July 1, 2002; exemption
  8. 6-3-2-14.5 · Repealed
  9. 6-3-2-15 · Repealed
  10. 6-3-2-16 · Transactions between taxable entity and unitary taxpayer
  11. 6-3-2-17 · Repealed
  12. 6-3-2-18 · Employee medical care savings accounts; exemption limited to
  13. 6-3-2-19 · Distributions for higher education; exemptions
  14. 6-3-2-20 · Corporations; intangible expenses; directly related interest
  15. 6-3-2-21.7 · Exemption for certain income derived from patents
  16. 6-3-2-22 · Deduction; unreimbursed education expenditures
  17. 6-3-2-24 · Income tax exemption; Olympic medalist
  18. 6-3-2-25 · Adjusted gross income tax deduction for property taxes
  19. 6-3-2-26 · Deduction for contributions to a regional development
  20. 6-3-2-27.5 · Exemption for Indiana income earned by nonresidents
  21. 6-3-2-28 · Deduction for qualified health care sharing expenses
  22. 6-3-2-29 · Specified research or experimental expenditures; deduction;
  23. 6-3-2.1-1 · Applicability
  24. 6-3-2.1-2 · Definitions
  25. 6-3-2.1-3 · "Authorized person"; pass through entity tax election;
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