RIVIERE
Primary
Allows taxpayers to deduct contributions to a college savings account up to $5,000 per taxpayer from the taxpayer's adjusted gross income. Establishes requirements for college savings accounts to qualify for the deduction. Applies to taxable years beginning after 12/31/2017. Takes effect 5/12/2030. (SD1)
Reported from HRE (Stand. Com. Rep. No. 2070) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
The committee(s) on HRE recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HRE were as follows: 3 Aye(s): Senator(s) K. Kahele, Keith-Agaran, Kidani; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kim, S. Chang.
The committee(s) on HRE has scheduled a public hearing on 02-01-18 1:15PM in conference room 224.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
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| SB3062 | HTML PDF |
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| No related documents. |
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