Modifies an income tax deduction for contributions to 529 savings accounts

SB 1440 modifies the state income tax deduction available for contributions to 529 college savings accounts. It changes the specific amount or eligibility for this deduction, directly affecting taxpayers who contribute to these education savings plans. The bill adjusts the deduction provision within the state tax code without creating new tax benefits or restrictions. This change impacts individuals using 529 accounts to save for qualified education expenses.