H 3150
An Act relative to expanding 529 deductions
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aimed to increase the amount of money Massachusetts residents could deduct when contributing to 529 college savings plans. Currently, the deduction limits are relatively low, making it difficult for many families to save adequately for their children’s higher education. The proposed changes would have expanded these deductions, encouraging more families to participate in and benefit from these savings programs. Ultimately, the bill failed to pass.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jr. Bradley H. Jones
Cosponsors
Jr. Bradley H. Jones
Kimberly N. Ferguson
Paul K. Frost
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