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Bills · 2019-2020 Regular Session

SB 840

Died at session end Official bill text Atom feed

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

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. 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

Introduced by: Erpenbach (D) , Feyen (R) , Johnson (D) , Ringhand (D) , Shilling (D) , Smith (D) , Wirch (D)

15 cosponsors

Anderson (D) , Billings (D) , Brostoff (D) , Considine (D) , Emerson (D) , Hesselbein (D) , Kolste (D) , Milroy (D) , Pope (D) , Sargent (D) , Sinicki (D) , Spreitzer (D) , Stubbs (D) , Vruwink (D) , Zamarripa (D)

Full history

  1. Feb 20, 2020 · Senate

    Introduced by Senators Erpenbach, Shilling, Feyen, Wirch, Smith, Ringhand and Johnson; cosponsored by Representatives Hesselbein, Stubbs, Emerson, Sargent, Zamarripa, Pope, Milroy, Spreitzer, Sinicki, Anderson, Billings, Vruwink, Considine, Brostoff and Kolste

  2. Feb 20, 2020 · Senate

    Read first time and referred to Committee on Universities, Technical Colleges, Children and Families

  3. Mar 9, 2020 · Senate

    Fiscal estimate received

  4. Apr 1, 2020 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1