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LB 748

Change provisions relating to the Nebraska educational savings plan trust and allow for the use of trust funds for recognized postsecondary credential programs

109th Legislature (2025-2026) Introduced by Tony Sorrentino

LB 748 expands Nebraska 529 savings plans to cover postsecondary credentials and certifications beyond traditional degree programs, broadening eligible education pathways.

Approved by Governor on April 14, 2026
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Bill Summary · LB 748

Legislative bill overview

LB 748 expands Nebraska's educational savings plan trust (529 plan) to permit withdrawals for recognized postsecondary credential programs, not just traditional degree-granting institutions. This broadens eligible educational pathways beyond four-year colleges and universities to include certificate programs, industry certifications, and other credentialing options.

Why is this important

As workforce demands shift toward skilled trades and technical certifications, many students pursue alternatives to traditional degrees. Expanding 529 plan eligibility recognizes this trend and removes financial barriers for families saving for non-traditional postsecondary education, potentially increasing access to career pathways that don't require bachelor's degrees.

Potential points of contention

  • Definition clarity: "Recognized postsecondary credential programs" requires precise regulatory definition to prevent fraud or misuse of tax-advantaged funds for low-quality programs
  • Tax revenue impact: Broader eligibility could increase 529 plan usage, reducing state tax revenue if Nebraska offers state tax deductions for contributions
  • Quality control: Determining which credential programs qualify creates administrative burden and raises questions about who decides what's "recognized"

Compiled from official sources — confirm details with the bill’s official record.

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