State Sen. Suzanne Geist of Lincoln said she realized last year she could not use an educational savings plan to support her grandchildren’s private K-12 tuition costs.
Congress approved an expansion in 2018 for NEST 529 plans under the College Savings Plan Program, but Nebraska is one of 10 states that lag in allowing the plans to also apply to K-12 private education.
Legislative Bill 165, proposed by Geist, would adopt the federal standard and allow Nebraskans to receive tax deductions for their investments, which is allowed for higher education in the state.
