summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to expenses associated with college savings program established by the Commonwealth. Revenue.
AI Summary
This bill amends the Massachusetts tax code to allow for the tax-free withdrawal of funds from a 529 college savings account to pay for expenses associated with enrollment or attendance at an elementary or secondary school. However, the bill specifies that "qualified higher education expenses" for the purposes of the 529 program do not include expenses for elementary or secondary school. The key provisions of the bill are to expand the allowable uses of 529 accounts while also limiting the definition of qualified expenses to exclude elementary and secondary school costs.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied a study order, see H5080 (on 11/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2611 |
| Bill | https://malegislature.gov/Bills/191/H2611.pdf |
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