Income taxes: education savings account.
Summary
The Personal Income Tax Law provides for the specified treatment of amounts deposited in an education savings account that meets specified requirements. This bill would allow amounts to be deposited in an education savings account, as defined, established for purposes of paying for qualified education expenses, as defined. Interest earned by the account and distributions would not be subject to taxation, as provided. This bill would take effect immediately as a tax levy.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2009
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2009
Last action Feb 2, 2010
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
2
Committee
3
May 4, 2009
Lower · Passed
In committee: Set, first hearing. Hearing canceled at the request of author.
lower
Mar 23, 2009
Committee
Referred to Com. on REV. & TAX.
lower
Feb 27, 2009
Lower · Passed
From printer. May be heard in committee March 29.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Roger Niello
RRepublican
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