Effective 7/1/2023
Within 30 days of receiving the report described in Subsection 35A-9-604(3), the plan shall provide an electronic report to the department that lists:
| (1) |
the total amount of deposits:
Terms Used In Utah Code 53B-8a-302- Account owner: means a person, estate, or trust, if that person, estate, or trust has entered into an account agreement under this chapter to save for the higher education costs on behalf of a beneficiary. See Utah Code 53B-8a-102
- Plan: means the Utah Educational Savings Plan created in Section 53B-8a-103. See Utah Code 53B-8a-102
| (a) |
during the calendar year for which the department makes the request; and |
| (b) |
for each 529 savings account of which a qualifying individual is an account owner; and |
|
| (2) |
the account number and the name of the beneficiary for each 529 savings account:
| (a) |
into which a deposit was made; and |
| (b) |
for which a qualifying individual is an account owner. |
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Enacted by Chapter 52, 2023 General Session
