Statutes, codes, and regulations
North Dakota Administrative Code
Title 12.5 - Bank of North DakotaArticle 12.5-02 - College SAVE
Chapter 12.5-02-01 - College SAVE
Section 12.5-02-01-11 - Tax information and withholding

N.D. Admin. Code 12.5-02-01-11

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Current through Supplement No. 394, October, 2024
Section 12.5-02-01-11 - Tax information and withholding

The plan will be maintained and operated in accordance with the requirements set forth in section 529 of the Code. Distributions to or on behalf of the designated beneficiary or the participant will be reported to the Internal Revenue Service and to the distributee, as required under section 529 of the Code, and will be subject to any applicable federal or state income tax withholding. Direct transfers to another qualified tuition program will be reported to the receiving program as required under Section 529 of the Code.

N.D. Admin Code 12.5-02-01-11

Effective September 15, 2000; amended effective August 23, 2001; June 1, 2002.

General Authority: NDCC 6-09-38

Law Implemented: NDCC 6-09-38