HOUSE DOCKET, NO. 1844 FILED ON: 1/20/2011
HOUSE . . . . . . . . . . . . . . . No. 1681
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Brian S. Dempsey
_______________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying:
An Act providing for a certain income tax deduction.
_______________
PETITION OF:
Name: | District/Address: |
Brian S. Dempsey | 3rd Essex |
Cory Atkins | 14th Middlesex |
Steven S. Howitt | 4th Bristol |
Ryan C. Fattman | 18th Worcester |
HOUSE DOCKET, NO. 1844 FILED ON: 1/20/2011
HOUSE . . . . . . . . . . . . . . . No. 1681
By Mr. Dempsey of Haverhill, a petition (accompanied by bill, House, No. 1681) of Brian S. Dempsey and others for legislation to provide for an income tax deduction for contributions made to college savings plans. Revenue. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE
HOUSE
, NO. 2721 OF 2009-2010.]
The Commonwealth of Massachusetts
An Act providing for a certain income tax deduction.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Paragraph (a) of subsection B of section 3 of chapter 62 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding the following subparagraph:-
(14) An amount equal to the amount contributed by the taxpayer to a college savings plan authorized under section 529 of the Code. The amounts to be deducted hereunder shall not exceed:
(A) in the case of a single person or a married person filing a separate return, $5,000;
(B) in the case of a head of household, as defined under section 2(b) of the Code, filing a separate return, $7,725; and,
(C) in the case of married persons filing jointly, $10,000.
SECTION 2. Section 1 shall be effective for taxable years beginning on or after January 1, 2007.
