summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to contributions to prepaid tuition or college saving programs. Revenue.
AI Summary
This bill amends Chapter 62 of the General Laws to increase the tax deduction limits for contributions to prepaid tuition or college savings programs. Specifically, it increases the maximum deduction for individual filers from $1,000 to $5,000, and for joint filers from $2,000 to $10,000. This change is intended to incentivize more people to save for college expenses using these types of tax-advantaged accounts.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4894 (on 09/22/2022)
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/192/H2878 |
| Bill | https://malegislature.gov/Bills/192/H2878.pdf |
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