General Information Only. This summary is not exhaustive and should not be construed as tax advice. The information is based on our general understanding of current tax law and regulations and is meant only to provide background about the characteristics of 529 Plans. Neither this section nor any other section in the Nevada Prepaid Tuition Program Description is intended to constitute legal or tax advice. Interested parties should consult a tax advisor on how the purchase of a Prepaid Tuition contract might specifically affect an individual purchaser or beneficiary. This summary is based on the relevant provisions of the IRS Code Section 529, relevant legislative history, and official interpretations of applicable federal laws as of the date of this document. Changes to federal or state tax laws may occur in the future which could have a significant impact on the Program and your investment, including termination of the Program.
Appears in 2 contracts
Sources: Nevada Prepaid Tuition Program Master Agreement, Nevada Prepaid Tuition Program Master Agreement