New Jersey Administrative Code
Title 9A - HIGHER EDUCATION
Chapter 10 - STUDENT LOAN AND COLLEGE SAVINGS PROGRAMS
Subchapter 7 - POLICY GOVERNING NEW JERSEY BETTER EDUCATIONAL SAVINGS TRUST (NJBEST) PROGRAM
Section 9A:10-7.9 - Limitation on rollover to a qualified tuition program other than NJBEST
Universal Citation: NJ Admin Code 9A:10-7.9
Current through Register Vol. 56, No. 18, September 16, 2024
Any transfer, if such transfer occurs within 12 months from the date of a previous transfer, to any qualified tuition program for the benefit of the designated beneficiary may be a nonqualified withdrawal which may result in a distribution includible in Federal gross income to the extent required under section 529 of the Federal Internal Revenue Code of 1986, 26 U.S.C. § 529.
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