SB 1279 - Coleman, Mary Elizabeth
Modifies an income tax deduction for contributions to 529 savings accounts
Bill Details
Sponsor
LR Number
5303S.01I
Title
SB 1279
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2026
Committee
Current Status
Voted Do Pass S Economic and Workforce Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1279 - Current law authorizes an income tax deduction for contributions made to a 529 savings account, with such deduction limited to $8,000 for single filers and $16,000 for married filing combined filers. This act removes the limits such that 100% of such contributions shall be deductible.
JOSH NORBERG