(b) As used in this section, 'account owner' has the meaning set forth in IC 21-9-2-4.(c) As used in this section, 'individual account' has the meaning set forth in IC 21-9-2-2.(d) As used in this section, 'qualified higher education expenses' has the meaning set forth in IC 21-9-2-19.5.(e) Distributions from an individual account used to pay qualified higher education expenses are exempt from the adjusted gross income tax imposed by IC 6-3-1 through IC 6-3-7 as income of an account beneficiary or an account owner.As added by P.L.15-2001, SEC.1.
Indiana Legal Code