Iowa SF2137 amends the definition of qualified education expenses to include elementary and secondary school tuition, apprenticeship program.
Iowa SF2137 modifies the definition of "qualified education expenses" under the Iowa educational savings plan trust. It aligns this definition with the Internal Revenue Code, expanding it to include elementary and secondary school tuition, participation in registered apprenticeship programs, and payments for principal or interest on qualified education loans. These changes are effective starting July 1, 2026.
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