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SS/SB 882 - This act modifies the Missouri Higher Education Savings Program to allow Missouri 529 account holders to transfer money from such account to a Missouri ABLE account while retaining tax exempt status on any money transferred. This act is substantially similar to HB 2115 (2018). SCOTT SVAGERA HA 1 - THIS AMENDMENT MODIFIES THE DEFINITIONS OF "QUALIFIED HIGHER EDUCATION EXPENSES" AND "ELIGIBLE EDUCATIONAL INSTITUTION" TO ALLOW FOR FUNDS FROM A 529 MOST SAVINGS ACCOUNT TO BE USED AT DESIGNATED ELEMENTARY AND SECONDARY INSTITUTIONS. THE AMENDMENT ADDITIONALLY ADDS THE COMMISSIONER OF EDUCATION AS A MEMBER ON THE MISSOURI EDUCATION SAVINGS BOARD.
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