Business / Taxes / 529 Prepaid Tuition Plan: With a prepaid tuition plan, you purchase tuition credits at current rates to be used at some point in the future when your beneficiary attends one of the colleges or universities participating in the plan. Most prepayment plans are sponsored by individual states and apply to the public institutions in the state, some state plans cover both public and private institutions in the state, and the Independent 529 plan includes more than 200 participating private institutions nationwide. In the case of state plans, either you or your beneficiary may have to live the in the sponsoring state. You owe no income tax on any appreciation in the value of the tuition credits if they are used to offset tuition, and you may be able to transfer the face value of the credits to a nonparticipating school if your child doesn’t attend a participating one. Some states and the Independent plan guarantee that your credits will cover the cost you prepay.
Plan Noun Synonyms: design, layout, blueprint, scheme, method, procedure, system, arrangement, programme, project, formula, pattern, script, scenario
Tuition Noun Synonyms: education, teaching, tutelage, training, schooling, instruction, guidance, preparation
Business / Agriculture / Plant Variety Protection Act Of 1970: P.L. 91-577 (December 24, 1970) was enacted to provide patent-like protection for new non-hybrid seed varieties. The ultimate goal was to create an incentive for public and private research on new com MORE
Business / Agriculture / Plant Regulator: A chemical that affects the physiological behavior of plants, for example through accelerating or retarding the rate of growth or maturation of produce. Typically the definition of plant regulator exc MORE