*Letters

SIA Submit Comments to Alabama State Representative Richard J. Lindsey on the Tax-Free Treatment of 529 Plans

Published on:
January 12, 2006

The Securities Industry Association (SIA)* wrote a letter to Alabama State Representative Richard J. Lindsey regarding the tax treatment of all 529 Plans. 529 Plans are a savings vehicle that allows individuals to save for the education of a student. Rep. Lindsey is the Chairman oftheEducation, Finance and Appropriations Committee in the Alabama legislature. The SIA believes that all 529 Plans should be exempt from any taxes.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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