Budget Amendment ID: FY2025-S4-850

OTH 850

529 Savings Plan Deduction Increase

Messrs. Durant, O'Connor, Fattman and Keenan moved that the proposed new text be amended by inserting after Section __ the following new sections: -

SECTION __. Chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended in subsection 19 of section 3 by striking out the figure “$1,000” and inserting in place thereof the following:-$2,500.”

SECTION __. Subsection 19 of section 3 of Chapter 62 is hereby further amended by striking out the figure “$2,000” and inserting in place thereof the following:- “$5,000.”