An Act relative to increasing 529 deductions

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to increasing 529 deductions

An Act relative to increasing 529 deductions By Representative Jones of North Reading, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act relative to increasing 529 deductions By Representative Jones of North Reading, a petition (accompanied by bill, House, No.
• 3151) of Bradley H.
• Jones, Jr., and others relative to increasing college savings plan deductions.
• Revenue.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act relative to increasing 529 deductions
By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 3151) of Bradley H. Jones, Jr., and others relative to increasing college savings plan deductions. Revenue.

Current Bill Text

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Bill H.3151

Subparagraph (19) of paragraph (a) of section 3 of chapter 62 of the general laws, as appearing in the 2022 official edition, is hereby amended by striking out the figure “$1,000” and inserting in place thereof the following: “$5,000”.

Said subparagraph, as so appearing, is hereby further amended by striking out the figure “$2,000” and inserting in place thereof the following “$10,000”.

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