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

Plain English Breakdown

The effective date is not provided in the official material; it may depend on future executive action or legislative scheduling.

Increasing Tax Deduction Limits for State Tuition Savings Accounts

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

What This Bill Does

• Increases the personal income tax deduction limit for contributions to 529 qualified state tuition programs established and maintained by the state.
• Changes the current deduction cap from $5,000 per individual taxpayer to $15,000.
• Amends section 12-701a of the general statutes to reflect this new amount.

Who It Names or Affects

• Individual taxpayers who contribute money to state-established tuition programs.

Terms To Know

529 qualified state tuition program

A savings account established and maintained by the state for education costs.

Personal income tax deduction

An amount of money subtracted from a person's total taxable income, which lowers their tax bill.

Limits and Unknowns

• The official text does not state when this change will take effect.
• The source material specifies the limit for 'individual taxpayers' but does not explain how it applies to married couples filing jointly or other filing statuses beyond that term.

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

LCO No. 459 1 of 1

General Assembly Proposed Bill No. 5103
February Session, 2026 LCO No. 459

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. LUXENBERG, 12th Dist.

AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME
TAX DEDUCTION FOR CONTRIBUTIONS TO 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 fifteen thousand dollars. 5
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.