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State Treasurer Young Boozer is pleased to announce the creation of the Alabama ABLE Plan that will provide a tax-free vehicle for saving for certain Alabamians who have disability-related expenses. In December 2014, Congress approved the Achieving a Better Life Experience (“ABLE”) Act authorizing state-sponsored tax-exempt savings accounts for disability-related expenses. The Alabama legislature passed … Read the full article …

The U.S. House of Representatives passed HR529, sponsored by Reps. Lynn Jenkins (R-KS) and Ron Kind (D-WI), by a vote of 401-20. This legislation contains three important provisions to improve plans for families saving for college. First, it clarifies that computer technology and equipment are a qualified higher education expense. Second, it removes distribution aggregation … Read the full article …

Yesterday, NAST sent the letter below, signed by NAST President, Treasurer David Lillard; NAST Senior Vice President, Treasurer James McIntire; CSPN Chair Betty Lochner; and CSPN Vice Chair, Treasurer Young Boozer, in support of House passage of HR529. NAST and CSPN have worked tirelessly on this legislation which we expect the House to consider and … Read the full article …

American families continue to believe that college is an investment in a child’s future. With more than 12 million accounts open nationwide, 529 college savings plans have proven to be a successful way for families to make that investment. These plans are manageable, affordable, and tax-advantaged and can be used towards qualified expenses at colleges, … Read the full article …

President Obama, facing angry reprisals from parents and from lawmakers of both parties, will drop his proposal to end popular college savings accounts known as 529s, but will keep an expanded tuition tax credit at the center of his college access plan, the White House said Tuesday. –National Association of State Treasurers

State Treasurer Young Boozer won the corn shucking contest at the annual C. Mac Johnson Farmers Market Day on Saturday, July 12, 2014. State Treasurer Wins Corn Shucking Contest.

Alabama State Treasurer Young Boozer today announced winners of the CollegeCounts 529 Fund “WIN $529” Contest, which was held in honor of May 29(5/29 Day). Winners in Guntersville and Muscle Shoals earned contribution funds for existing CollegeCounts 529 accounts for young members of their families in the amount of $529 each. The Guntersville winner is … Read the full article …

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CALERA, Ala. – Jan. 24, 2014 – Regions Bank (NYSE:RF) and Visa Inc. joined with Mark Ingram, 2009 Heisman Trophy winner, former Alabama Crimson Tide running back and current New Orleans Saint; and Alabama State Treasurer Young Boozer on Friday to tackle the issue of improving financial literacy among Alabama teenagers. Together, they announced the … Read the full article …

MONTGOMERY – State Treasurer Young Boozer says two bills signed into law today by Governor Robert Bentley will save the State’s General Fund approximately $2 million each year and protect citizens from businesses that seek to profit from the unclaimed property process. “These new laws will benefit Alabama taxpayers in several critical ways,” said Treasurer … Read the full article …

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