Bogleheads:Anniversaries/August 20

August 20:
 * 1996 - The Small Business Job Protection Act of 1996 enacted the creation of the Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE), a contributory retirement plan for US small business employees. The Act (in Sec. 1806) also exempted a qualified State tuition program from taxation. These qualified tuition programs were to be called 529 plans, because 529 is the section of the Internal Revenue Code that governs their operation.