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§ 6901.317. Federal taxation

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. EducationEffective: August 21, 2000

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 45. Tuition Account Programs and College Savings Bond Act (Refs & Annos)
Chapter 3. Tuition Account Programs
Effective: August 21, 2000
24 P.S. § 6901.317
§ 6901.317. Federal taxation
The department may take appropriate action in order to obtain a determination from the Internal Revenue Service or the Federal courts as to whether contributions made pursuant to a Tuition Account Program Contract, the increase in value of such contributions and payment of qualified higher education expenses pursuant to a Tuition Account Program Contract shall be a transaction which will subject account owners or the income of either or both of the funds to Federal taxation and may respond to such determination in any manner permitted under this chapter.

Credits

1992, April 3, P.L. 28, No. 11, § 317, imd. effective. Amended 2000, June 22, P.L. 418, No. 58, § 5, effective in 60 days.
24 P.S. § 6901.317, PA ST 24 P.S. § 6901.317
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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