WeVote
Log In

Bill

WeVote Research Nonpartisan
Bill Summary · HB 2116

Legislative bill overview

HB 2116 modifies Missouri's regulations governing contributions to qualified tuition programs (529 plans). The bill adjusts rules around how much money families can contribute to these tax-advantaged education savings accounts and related administrative provisions. Specific policy changes have not been detailed in the available legislative record at this stage of the process.

Why is this important

529 plans are a primary vehicle for families to save for higher education expenses with significant tax advantages. Changes to contribution limits or program rules directly affect the financial planning options available to Missouri families saving for college, potentially expanding or restricting access to these benefits.

Potential points of contention

  • Contribution limit changes - Increases could be favored by families and education advocates but may raise revenue concerns; decreases would limit savings capacity
  • Retroactive application - Any changes could affect families who already made contributions under previous rules, creating fairness questions
  • State versus federal coordination - Missouri rules must align with federal 529 program guidelines, and misalignment could create compliance issues or affect tax benefits

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

Sign in to ask a question.