update a reference to the Internal Revenue Code for purposes of higher education savings plans.

HB 1001 updates a specific reference to the Internal Revenue Code within South Dakota's higher education savings plan laws. This change ensures the state's regulations align with current federal tax code provisions governing these savings accounts. The bill directly affects individuals and institutions using higher education savings plans in South Dakota by maintaining legal consistency with federal requirements. No new funding or program expansions are included, as the amendment solely addresses a technical reference update.