House passes bill to update 529 College Savings Plan
OKLAHOMA CITY â A bill that updates allowable uses for qualified higher education expenses under the Oklahoma 529 College Savings Plan passed the House on Tuesday with a vote of 95-0.
House Bill 1962, authored by Jadine Nollan, R-Sand Springs, aligns the stateâs language with the federal governmentâs definition.
Nollan said the bill was a request bill by State Treasurer Randy McDaniel, a former House member.
She said the federal government expanded the definition of allowable uses under Section 529 of the Federal Tax Code over the past few years.
With the passage of this bill, Oklahomaâs definition of qualified higher education expenses will align with the federal definition. Funds currently can be used for tuition, supplies, and room and board at accredited colleges, universities, career technology centers and business schools.
Legislation To Prevent Human Trafficking Heads To State Senate For Approval
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Thursday, February 25, 2021
Hello, legal and professional services industry fans. We’re closing out February with the latest legal and consulting industry news, focusing on firm hires and advancements, awards and unique recognitions, and innovations from law firms in these unusual times. Please read on:
Law and Professional Services Firm Moves
Mayer Brown appointed Amol Bargaje as the firm’s first global chief innovation officer. Bargaje joined Mayer Brown in 2018 as the global director of IT Practice & Client Solutions. He also served as one of the co-leaders of the firm’s client-centered global innovation initiative, embrio.
“Amol’s extensive experience working on process improvement, agile development and client-centered technology will help us accelerate the pace of innovation while further promoting a culture of innovation within the firm,” said Jeremy Clay, Mayer Brown’s managing partner.
Key Takeaways
In a recent NEA survey, only 8 percent of higher-ed employees told NEA that they had scheduled or received at least one shot.
More than 80 percent say they d feel safer on campus if they were vaccinated.
Depending on their state, some faculty and staff have been prioritized for vaccination alongside K12 employees, but many have not.
As states roll out the COVID-19 vaccine to high-priority groups, including K-12 educators in many places, the rate of vaccination among college faculty and staff has lagged.
“We’re not on the list,” says Enrique Farrera, an academic advisor at Oregon’s Clackamas Community College, near Portland. While many of his colleagues want to be vaccinated, they don’t have a way to get the shot.