SECTION 1. Subsection (a) of section 3B of Chapter 62 of the General Laws is hereby amended by inserting, at the end, the following new paragraph:-
An amount equal to the amount expended in such taxable year for the purchase of an interest in, or contributed in such taxable year to an account in, a prepaid tuition program or college savings program established by the commonwealth or any instrumentality or authority therof. In the case of a single person or a married person filing a separate return or a head of household, the total amount deducted in such taxable year shall not exceed $5,000. In the case of a married couple filing a joint return, the total amount deducted in such taxable year shall not exceed $10,000.
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