MA S1667

Bill

Relative to tax deductions for contributions to college savings plans

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to tax deductions for contributions to college savings plans. Revenue.

AI Summary

This bill proposes to amend the Massachusetts tax code to allow taxpayers to deduct contributions made to qualified college savings plans, such as the U.Fund or the U.Plan offered through the Massachusetts Educational Financing Authority. The deduction limit would be $500 for single filers, married filing separately, and heads of household, and $1,000 for married couples filing jointly.

Committee Categories

Budget and Finance

Sponsors (1)

James Timilty (D),

Last Action

Accompanied a study order, see S2497 (on 04/30/2018)

Official Document

https://malegislature.gov/Bills/190/S1667

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S1667
Bill	https://malegislature.gov/Bills/190/S1667.pdf

Bill	Bill Name	Last Action	Type
H1470	Relative to the deduction of health insurance payments from gross income for self employed individuals	Accompanied a study order, see H4244	Similar To
H1535	Providing tax relief for rent-burdened individuals and families	Accompanied a new draft, see H3857	Similar To
H1579	Relative to employer student loan contribution	Accompanied a study order, see H4244	Similar To
H1583	Establishing a tax deduction for donations to public colleges and universities	Accompanied a study order, see H4244	Similar To
H3348	To provide a tax deduction for charitable donations of food by farmers	Accompanied a study order, see H4244	Similar To
S1496	To invest in our communities	Accompanied a study order, see S2497	Similar To
S1524	Relative to graduate student loan deductions	Accompanied a study order, see S2497	Similar To
S1540	Relative to gun safe tax deductions	Accompanied a study order, see S2497	Similar To
S2497	Order relative to authorizing the joint committee on Revenue to make an investigation and study of certain current Senate documents relative to revenue matters	Reported (in part) by S1507	Replaced by

Bill > S1667

MA S1667

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

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