Bill Text: MA S1296 | 2009-2010 | 186th General Court | Introduced
Bill Title: For legislation relative to tax deductions for contributions to college savings plans
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 7/22 at 10:00 AM in Hearing Room B2 [S1296 Detail]
Download: Massachusetts-2009-S1296-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Michael R. Knapik
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
��������������� Court assembled:
��������������� The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act Relative Tax Deductions for Contributions to College Savings Plans.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Michael R. Knapik |
Second Hampden and Hampshire |
|
Scott P. Brown |
Norfolk, Bristol and Middlesex |
|
Robert L. Hedlund |
Plymouth and Norfolk |
|
Bruce E. Tarr |
First Essex and Middlesex |
|
Richard R. Tisei |
Middlesex and Essex |
|
Brian A. Joyce |
Norfolk, Bristol and Plymouth |
|
Robert M. Koczera |
11th Bristol |
|
William Smitty Pignatelli |
4th Berkshire |
|
Theodore C. Speliotis |
13th Essex |
|
Todd M. Smola |
1st Hampden |
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act Relative TO Tax Deductions for Contributions to College
Savings Plans.
��������������� Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
����������� SECTION 1. Paragraph (a) of Part B of section 3 of chapter 62 of the General Laws, as most recently amended by section 42 of chapter 139 of the acts of 2006, is hereby further amended by adding the following paragraph:-
(16) Contributions to qualified tuition program under Section 529 of the Code, such as the U.Fund or the U.Plan offered through the Massachusetts Educational Financing Authority; but in the case of a single person, a married person filing a separate return or a head of household the deduction shall not exceed $500, and in the case of a married couple filing a joint return, the deduction shall not exceed $1,000.
