North Carolina H1024 revises the 529 Program by creating a matching contribution program and a tax deduction for contributions to the Parental.

North Carolina H1024 revises the 529 Program by establishing a matching contribution program for eligible persons contributing to the Parental Savings Trust Fund. The State Education Assistance Authority will provide matching contributions of $100 for every $50 contributed by eligible persons, up to $500 per year, for qualifying students. The program is available to eligible students who are residents and 14 years of age or younger, with household incomes not exceeding 250% of the federal poverty guidelines.

North Carolina H1024 revises the 529 Program by creating a matching contribution program and a tax deduction for contributions to the Parental.

North Carolina H1024 revises the 529 Program by establishing a matching contribution program for eligible persons contributing to the Parental Savings Trust Fund. The State Education Assistance Authority will provide matching contributions of $100 for every $50 contributed by eligible persons, up to $500 per year, for qualifying students. The program is available to eligible students who are residents and 14 years of age or younger, with household incomes not exceeding 250% of the federal poverty guidelines.