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HB05016 • 2026

AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME TAX DEDUCTION FOR CONTRIBUTIONS TO STATE-ESTABLISHED 529 QUALIFIED STATE TUITION PROGRAMS.

AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME TAX DEDUCTION FOR CONTRIBUTIONS TO STATE-ESTABLISHED 529 QUALIFIED STATE TUITION PROGRAMS.

Education Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Rep. Gary A. Turco, 27th Dist.
Last action
2026-02-04
Official status
Referred to Joint Committee on Finance, Revenue and Bonding
Effective date
Not listed

Plain English Breakdown

The official text confirms the specific dollar amounts but does not include an effective date or implementation timeline.

Increasing Tax Deductions for State College Savings Accounts

This bill raises the maximum amount of money taxpayers can deduct from their income tax when they contribute to state-run college savings programs.

What This Bill Does

  • Increases the personal income tax deduction limit for individual filers from $5,000 to $10,000.
  • Raises the deduction limit for married couples filing jointly from $10,000 to $20,000.
  • Applies these changes only to contributions made to 529 qualified state tuition programs established and maintained by the state.
  • Amends section 12-701a of the general statutes to reflect these new deduction amounts.

Who It Names or Affects

  • Individual taxpayers who contribute to state-established college savings accounts.
  • Married couples filing a joint tax return and contributing to these programs.

Terms To Know

Personal income tax deduction
An amount of money subtracted from a taxpayer's total income before calculating how much tax they owe, which lowers their final bill.
529 qualified state tuition program
A savings account created by the state to help people save for future education costs like college or trade school.

Limits and Unknowns

  • The bill text does not specify an effective date when these new limits will begin.
  • It is unclear if the deduction limit applies per student or per account holder based on the provided excerpt.

Bill History

  1. 2026-02-04 Connecticut General Assembly

    Referred to Joint Committee on Finance, Revenue and Bonding

Official Summary Text

To increase the amount of the personal income tax deduction for contributions to accounts for 529 qualified state tuition programs established and maintained by the state.

Current Bill Text

Read the full stored bill text 
LCO No. 133 1 of 1

General Assembly Proposed Bill No. 5016
February Session, 2026 LCO No. 133

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. TURCO, 27th Dist.

AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME
TAX DEDUCTION FOR CONTRIBUTIONS TO STATE-ESTABLISHED
529 QUALIFIED STATE TUITION PROGRAMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12 -701a of the general statutes be amended to increase 1
the amount of the personal income tax deduction for contributions to 2
accounts for 529 qualified state tuition programs established and 3
maintained by the state, from five thousand dollars for individual 4
taxpayers to ten thousand dollars and from ten thousand dollars for 5
taxpayers filing a joint return to twenty thousand dollars. 6
Statement of Purpose:
To increase the amount of the personal income tax deduction for
contributions to accounts for 529 qualified state tuition programs
established and maintained by the state.