Public Finance Advisory: Class Action Against Illinois Section 529 Programs Alleges That Tax Parity Is Constitutionally Required


Litigation over the constitutionality of state tax benefits restricted to a state's own financing programs has spread to Section 529 college savings programs from the municipal bond sector, which has generated a case that currently awaits a U.S. Supreme Court decision.

For more on this complaint please see this Mintz Levin Advisory.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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