This bill amends the definition of "qualified education expenses" in Iowa's Code section 12D.1. It clarifies that these expenses align with the definition of "qualified higher education expenses" as outlined in section 529(e)(3) of the Internal Revenue Code. The bill expands the definition to include elementary and secondary school tuition expenses, apprenticeship program costs certified by the U.S. Secretary of Labor, and amounts paid towards qualified education loans for beneficiaries or their siblings, all while adhering to specific limitations set forth in the Internal Revenue Code.

Additionally, the bill removes a reference to a specific amendment of the Internal Revenue Code, which is deemed unnecessary since the Internal Revenue Code is already defined in Iowa law as the version from 1986 and its subsequent amendments. This change aims to streamline the language and ensure clarity in the definition of qualified education expenses without altering the underlying intent of the law.

Statutes affected:
Introduced: 12D.1