# Indiana HB 1150: 529 college savings distributions.

Indiana HB 1150, 529 college savings distributions., is a First Regular Session 124th General Assembly (2025) House bill sponsored by J.D. Prescott (Republican); status failed, last action 2025-01-08 (First reading: referred to Committee on Ways and Means) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-HB1150-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana HB 1150
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: 529 college savings distributions.
- Status: failed
- Chamber: House
- Introduced: 2025-01-08
- Last action: 2025-01-08, First reading: referred to Committee on Ways and Means
- Sponsor: J.D. Prescott (Republican)
- Cosponsors: 3
- Subjects: ways and means
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Excludes from Indiana adjusted gross income distributions made from a 529 college choice education savings plan (529 account) that are not used to pay qualified higher education expenses but that satisfy each of the requirements under Section 126 of the SECURE 2.0 Act of 2022. Provides that such distributions are not subject to the: (1) penalty provisions established by the board of directors of the Indiana education savings authority; or (2) repayment provisions for the income tax credit for contributions to an individual's 529 account.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: J.D. Prescott (Republican), House
- Cosponsor: Edward DeLaney (Democratic), House
- Cosponsor: Elizabeth Rowray (Republican), House
- Cosponsor: Ethan Manning (Republican), House

## Actions (3)

- 2025-01-08: First reading: referred to Committee on Ways and Means (House)
- 2025-01-08: Authored by Representative Prescott (House)
- 2025-01-08: Coauthored by Representatives Manning, DeLaney, Rowray (House)

## Bill text

- Introduced House Bill (H): [PDF](https://api.iga.in.gov/2025/bills/HB1150/versions/HB1150.01.INTR?format=pdf)

## Related bills

- SB 324: Criminal procedures. (signed)
- SB 231: Various corrections matters. (signed)
- SB 80: Code publication. (signed)
- SB 453: Various tax matters. (signed)
- SB 464: Financial institutions and consumer credit. (signed)
- SB 371: Workforce matters. (signed)

## Sources
- [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2025/bills/HB1150/versions/HB1150.01.INTR?format=pdf)

## Related
- [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025)
- [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2025)
- [SB 453: Various tax matters.](https://policyrisk.com/state-bill/IN-SB453-2025)
- [SB 464: Financial institutions and consumer credit.](https://policyrisk.com/state-bill/IN-SB464-2025)
- [SB 371: Workforce matters.](https://policyrisk.com/state-bill/IN-SB371-2025)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-HB1150-2025 (as of 2026-10-17).