S 2066
An Act relative to increasing 529 deductions
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to increase the deductions available to Massachusetts taxpayers who contribute to 529 college savings plans. Currently, there are limits on how much can be deducted, and this legislation aims to raise those limits, making it more financially beneficial for families to save for their children’s higher education. The goal is to encourage greater participation in these savings plans and ease the financial burden of college costs. The bill is currently under consideration by the Joint Committee on Revenue.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jacob R. Oliveira
Cosponsors
Jacob R. Oliveira
Patrick Joseph Kearney
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