Enhances New Jersey Better Education Savings Trust program with grants, tax incentives, and an advisory council.
This bill improves the New Jersey Better Education Savings Trust (NJBEST) program by establishing grants and additional tax incentives for NJBEST account contributions. It creates the New Jersey Better Education Savings and Trust Advisory Council to advise on program improvements and monitor its impact on college affordability. The council will consist of 13 members, including representatives from the Higher Education Student Assistance Authority, the Department of Banking and Insurance, and the Governor's office.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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