Back to Connecticut

HB05103 • 2026

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

AN ACT INCREASING THE AMOUNT OF THE PERSONAL INCOME TAX DEDUCTION FOR CONTRIBUTIONS TO 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. Geoff Luxenberg, 12th Dist.
Last action
2026-02-10
Official status
Referred to Joint Committee on Finance, Revenue and Bonding
Effective date
Not listed

Plain English Breakdown

The bill summary and text do not provide specific details on when the changes will take effect.

Increasing Tax Deduction for College Savings

This act increases the personal income tax deduction for contributions to college savings plans called 529 programs.

What This Bill Does

  • Increases the amount of money people can deduct from their taxes when they put money into a 529 program.
  • Changes the current limit from $5,000 to $15,000 for individual taxpayers.

Who It Names or Affects

  • People who contribute to 529 college savings plans in their state.
  • Individual taxpayers who file personal income tax returns.

Terms To Know

529 Program
A type of college savings plan that allows people to save money for future education costs, which can be used at many colleges and universities.
Personal Income Tax Deduction
An amount subtracted from the total income before calculating how much tax a person owes.

Limits and Unknowns

  • The bill does not specify when this change will take effect.
  • It only applies to contributions made after the effective date of the law.

Bill History

  1. 2026-02-10 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. 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.