HOUSE DOCKET, NO. 3445 FILED ON: 1/16/2015
HOUSE . . . . . . . . . . . . . . . No. 2620
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The Commonwealth of Massachusetts
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PRESENTED BY:
Michael J. Moran
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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 adoption of the accompanying bill:
An Act creating a tax exemption for college savings plan contributions.
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PETITION OF:
Name: | District/Address: | Date Added: |
Michael J. Moran | 18th Suffolk | 1/16/2015 |
Frank A. Moran | 17th Essex | 11/22/2019 |
HOUSE DOCKET, NO. 3445 FILED ON: 1/16/2015
HOUSE . . . . . . . . . . . . . . . No. 2620
By Mr. Moran of Boston, a petition (accompanied by bill, House, No. 2620) of Michael J. Moran and Frank A. Moran for legislation to provide an income tax exemption for certain college savings plan contributions. Revenue. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2675 OF 2013-2014.]
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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An Act creating a tax exemption for college savings plan contributions.
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 Part B of section 3 of chapter 62 of the General Laws, as most recently amended by section 42 of chapter 139 of the acts of 2006, is hereby further amended by adding the following paragraph: -
16. All amounts contributed to college savings plans offered by Massachusetts educational financing authority for college tuition, provided that if the child for whom the plan is established fails to complete 18 hours of college as a fulltime student by his twenty-first birthday, all amounts exempted shall be repaid to the commonwealth.