Legislature advances bill to align Nebraska 529 rules with recent federal changes amid budget questions Senators advanced LB748 to adopt federal changes to 529 (NEST) plans — expanding qualified K–12 and credential expenses — while some senators warned separate budget language would transfer administrative 529 funds to the Education Future Fund to offset deficits.

Nebraska's Legislature is shaking things up by advancing a bill that expands the use of 529 funds for K-12 expenses and vocational programs, but budget concerns are stirring debate among senators.

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Committee weighs expansion of NEST 529 program to cover K–12 expenses and credentials Sen. Tony Sorrentino's LB 7 48 would conform Nebraska law to federal changes to 529 (NEST) plans, expand allowable K–12 expenses beyond tuition, permit postsecondary credentialing uses and increase the annual K–12 withdrawal cap; proponents say it keeps Nebraska competitive, opponents warn it may favor wealthier families.

Sen. Tony Sorrentino's proposed changes to Nebraska's NEST 529 program could reshape how families fund education, but will they widen the gap between the wealthy and everyone else?

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