N.J.S.A. 18A:71B-46 — Federal income tax consequences.

18A:71B-46 Federal income tax consequences. 18A:71B-46. Federal Income Tax Consequences. If the Congress of the United States enacts legislation that exempts educational savings accounts from federal income taxation, sections N.J.S.18A:71B-42 and N.J.S.18A:71B-43 shall apply with respect to such educational savings accounts as if they were accounts established under this act and the beneficiaries of the accounts were designated beneficiaries subject to the approval of the New Jersey Higher Education Assistance Authority. L.1999,c.46,s.1.

This is the verbatim text of N.J.S.A. 18A:71B-46, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.