To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.
Summary
This bill allows a tax deduction for contributions to a qualified tuition program (known as 529 plans) up to $10,000 in a taxable year. Taxpayers whose adjusted gross income exceeds $200,000 in a taxable year are not eligible for the deduction.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
President
Introduced Jun 12, 2024
Last action Jun 12, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 12, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
Jun 12, 2024
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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