Bills · 2019-2020 Regular Session
Relating to: distributions from a federal college savings plan to pay principal and interest on qualified education loans and for materials and equipment used in an apprenticeship program. (FE)
Apprenticeship Income tax — Deduction Legislature — Tax exemptions joint survey committee on Scholarships and loans
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill adopts, for state income tax purposes, changes to the federal Internal
Revenue Code that allow a person to exclude from the person's gross income
distributions from a college savings plan to pay principal and interest on qualified
education loans or to pay for materials and equipment used to participate in an
apprenticeship program registered with and certified by the federal secretary of
labor.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the bill.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Feb 24, 2020 · Assembly
Introduced by Representatives Hesselbein, Stubbs, Emerson, Sargent, Zamarripa, Pope, Milroy, Spreitzer, Sinicki, Anderson, Billings, Vruwink, Considine, Brostoff and Kolste; cosponsored by Senators Erpenbach, Shilling, Feyen, Wirch, Smith, Ringhand and Johnson
- Feb 24, 2020 · Assembly
Read first time and referred to Committee on Ways and Means
- Mar 6, 2020 · Assembly
Fiscal estimate received
- Apr 1, 2020 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1
- Jun 4, 2020 · Assembly
Representative Macco added as a coauthor