BISMARCK, N.D. (AP) - North Dakota’s House has killed a measure to study the idea of starting a tax-supported nest egg for newborns.
The House voted 80-to-5 to kill the bill on Friday.
Minot Republican Senator Oley Larsen introduced the bill in the Senate. The measure originally aimed to open a $5,000 account at the Bank of North Dakota for babies born after Jan. 1, 2017.
The money would be used to pay tuition at a state college, or to pay for a business, home or farm loan when the child became an adult.
The Senate amended the measure to study the idea instead.
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