Amends existing law to revise provisions regarding a bank acting as a custodian or fiduciary.

The purpose of this legislation is to amend provision of the act to allow banks to act as a custodian or fiduciary for the purpose of offering tax-advantaged savings plans. The amendment will clarify the authority of banks to offeralltax-advantagedsavingsplansqualifiedundertheInternalRevenueCodeandtheIdahoIncomeTaxAct, and clarify that banks may act as a fiduciary for the limited purpose of tax advantaged savings plans specified by the Idaho Income Tax Act.