update the reference to the Internal Revenue Code to reflect current federal law for the administration of higher education savings plans.

HB 1033 updates South Dakota's reference to the Internal Revenue Code in its higher education savings program (529 plans) to align with current federal law, specifically changing the cited date to January 1, 2026. It does not alter the program's rules, benefits, or eligibility for account owners, beneficiaries, or financial institutions managing these plans. The bill solely corrects a dated legal reference in the state statute to ensure administrative consistency with federal tax code provisions. This is a technical update with no impact on how the savings plans operate or who they serve.