Pension Protection Act of 2006 -- Section 529 College Savings Plans

Section 529 College Savings Plans have become very popular vehicles through which to save tax-sheltered dollars for future education expenses. Before the 2006 tax act was passed, Section 529 Plans were slated to lose many of their favorable tax attributes after the year 2010 due to the "sunset" provisions included in the big 2001 tax law. The Pension Protection Act of 2006 has exempted Section 529 plans from these "sunset" provisions and keeps all of the favorable tax attributes of these plans in place indefinitely.