HB18-1217
Income Tax Credit For Employer 529 Contributions
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
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".
Bill Summary:
Income tax - credit for employer contributions to 529 qualified state tuition programs of employees. The act creates an 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 this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 03/15/2018 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1217 to the Committee of the Whole. | The motion passed on a vote of 7-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1217 to the Committee on Appropriations. | The motion passed on a vote of 4-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1217 to the Committee of the Whole. | The motion passed on a vote of 12-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 [Attachment A]. | The motion passed without objection. | Vote summary |
| Adopt amendment L.002 [Attachment B]. | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1217, as amended, to the Committee on Appropriations. | The motion passed on a vote of 11-2. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1217 to the Committee on Finance. | The motion passed on a vote of 12-1. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/04/2018 | Third Reading | BILL |
27
AYE
7
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/20/2018 | Third Reading | BILL |
55
AYE
6
NO
4
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 05/29/2018 | Governor | Governor Signed |
| 05/16/2018 | Governor | Sent to the Governor |
| 05/16/2018 | Senate | Signed by the President of the Senate |
| 05/16/2018 | House | Signed by the Speaker of the House |
| 05/04/2018 | Senate | Senate Third Reading Passed - No Amendments |
| 05/03/2018 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 05/03/2018 | Senate | Senate Second Reading Laid Over to 05/07/2018 - No Amendments |
| 05/01/2018 | Senate | Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole |
| 04/26/2018 | Senate | Senate Committee on Finance Refer Unamended to Appropriations |
| 04/23/2018 | Senate | Introduced In Senate - Assigned to Finance |
| 04/20/2018 | House | House Third Reading Passed - No Amendments |
| 04/19/2018 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 04/19/2018 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 03/14/2018 | House | House Committee on Finance Refer Amended to Appropriations |
| 03/12/2018 | House | House Committee on Education Refer Unamended to Finance |
| 02/05/2018 | House | Introduced In House - Assigned to Education + Finance |
Prime Sponsor
Sponsor
(None)
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/08/2018 | 287 | Income Tax Credit For Employer 529 Contributions |