HB 1241 IN
Roth IRA rollover of 529 account balance.
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Summary
Designates as a qualified withdrawal for Indiana529 plan (529 plan) purposes a withdrawal of funds from the 529 plan in order to make a contribution to a Roth IRA, pursuant and subject to the limitations of the federal SECURE 2.0 Act. Requires the Indiana education savings authority to coordinate with the treasurer of state in the administration of contributions to 529 plans.
Sponsor (1)
- Dave Hall Republican · author
3 coauthors / cosponsors
- Kyle Pierce Republican · coauthor
- Timothy O'Brien Republican · coauthor
- Robb Greene Republican · coauthor
Action history (5)
- Jan 5, 2026 First reading: referred to Committee on Ways and Means · lower
- Jan 5, 2026 Authored by Representative Hall · lower
- Jan 5, 2026 Coauthored by Representative Pierce K · lower
- Jan 8, 2026 Representative O'Brien added as coauthor · lower
- Jan 12, 2026 Representative Greene added as coauthor · lower
Subjects
FEDERAL GOVERNMENT; GenerallySCHOOLS; Financial Assistance (Including Vouchers, Choice Scholarships, and Education Savings Accounts)STATE ELECTED OFFICIALS; Treasurer
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