HB18-1217

HB18-1217 - Income Tax Credit For Employer 529 Contributions

Passed/Signed into Law
Concerning a temporary income tax credit for employers that make contributions to 529 qualified state tuition program accounts owned by their employees, and, in connection therewith, enacting the "Working Families College Savings Act".

The bill creates a temporary income tax credit for income tax years commencing on or after January 1, 2019, but prior to January 1, 2022, for employers that make contributions to 529 qualified state tuition program accounts owned by their employees in an amount equal to 20% of the contribution, not to exceed $500.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: May 29, 2018
05/29/2018 - Governor Signed
05/16/2018 - Sent to the Governor
05/16/2018 - Signed by the President of the Senate
05/16/2018 - Signed by the Speaker of the House
05/04/2018 - Senate Third Reading Passed - No Amendments
05/03/2018 - Senate Second Reading Special Order - Passed - No Amendments
05/03/2018 - Senate Second Reading Laid Over to 05/07/2018 - No Amendments
05/01/2018 - Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
04/26/2018 - Senate Committee on Finance Refer Unamended to Appropriations
04/23/2018 - Introduced In Senate - Assigned to Finance
04/20/2018 - House Third Reading Passed - No Amendments
04/19/2018 - House Second Reading Special Order - Passed with Amendments - Committee, Floor
04/19/2018 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
03/14/2018 - House Committee on Finance Refer Amended to Appropriations
03/12/2018 - House Committee on Education Refer Unamended to Finance
02/05/2018 - Introduced In House - Assigned to Education + Finance