Nebraska LB131 expands the Nebraska educational savings plan trust to include elementary and secondary schools and modifies tax benefits.
Nebraska LB131 amends the Nebraska educational savings plan trust to include savings plans for elementary and secondary education. It defines qualified higher education expenses to include tuition, fees, books, supplies, equipment, and computer technology or equipment and Internet access for postsecondary education. The bill also modifies tax benefits by reducing federal adjusted gross income for certain contributions and increasing it for specific capital gains and losses.
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