The federal "Setting Every Community Up for Retirement Enhancement Act of 2019" expanded qualified distributions from a qualified state tuition program (529 account) to include expenses for fees, books, supplies, and equipment required for the participation of a designated beneficiary in certain apprenticeship programs.
In light of these changes to federal law, the act amends Colorado law to clarify what qualifies as a qualified distribution from a 529 account for the purpose of determining state taxable income. The act allows expenses for fees, books, supplies, and equipment required for the participation of a designated beneficiary in certain apprenticeship programs to be treated as such a qualified distribution.
(Note: This summary applies to this bill as enacted.)

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Statutes affected:
Introduced (03/21/2022): 39-22-104
Engrossed (04/22/2022): 39-22-104
Reengrossed (04/25/2022): 39-22-104
Revised (05/03/2022): 39-22-104
Rerevised (05/04/2022): 39-22-104
Final Act (05/31/2022): 39-22-104
Signed Act (06/06/2022): 39-22-104