Diego Hernandez
- Democratic
Primary
Establishes subtraction from personal income taxes for amounts that taxpayers pay in student loan interest. Specifies amount of and eligibility for subtraction. Establishes refundable credit against personal income taxes for contributions to higher education savings network account. Establishes tax credit for amounts contributed to higher education savings network accounts owned by employees of taxpayer. Increases limitation on subtraction for contribution to ABLE account or higher education savings network account to amount per designated beneficiary. Applies credits and subtractions to tax years beginning on or after January 1, 2017, and before January 1, 2023. Specifies that amount in account established for higher education expenses is disregarded for purposes of determining account owner's financial eligibility to receive assistance or benefit authorized by law, to extent permitted under federal law. Applies to eligibility determinations made on or after January 1, 2018. Takes effect on 91st day following adjournment sine die.
In committee upon adjournment.
Public Hearing held.
Referred to Revenue by prior reference.
Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.
Work Session held.
Work Session held.
Public Hearing held.
Referred to Higher Education and Workforce Development with subsequent referral to Revenue.
First reading. Referred to Speaker's desk.
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