Bill > A08243

This bill creates a tax credit for employers who contribute to a college choice tuition savings account on behalf of their employees. The credit amount is equal to the employer's contribution, up to a maximum of $5,000 per employee. The credit can be used to offset the employer's tax liability, and any unused portion can be claimed as a refundable overpayment. The bill also includes provisions for recapturing the credit under certain circumstances.