Introduced
by
To allow a state income tax deduction for contributions made to a Michigan education savings account, even after a withdrawal has been made from the account. Under current law, contributions are no longer deductible after the initial withdrawal is made. Contributions of up tp to $5,000 for a single return and $10,000 for a joint return are deductible.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one containing technical changes that do not affect its substance as previously described.
The substitute passed by voice vote
Passed in the House 104 to 0 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
To allow a state income tax deduction for contributions made to a Michigan education savings account, even after a withdrawal has been made from the account. Under current law, contributions are no longer deductible after the initial withdrawal is made. Contributions of up tp to $5,000 for a single return and $10,000 for a joint return are deductible.
