Introduced
by
To increase from $235,000 to $500,000 the maximum balance allowed in Michigan “section 529” education savings plans for a particular beneficiary. This is part of a legislative package comprised of Senate Bills 359 to 362 and House Bills 4542 to 4544, which create a new type of such account.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 35 to 0 (details)
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.
Passed in the House 106 to 0 (details)
To increase from $235,000 to $500,000 the maximum balance allowed in Michigan “section 529” education savings plans for a particular beneficiary. This is part of a legislative package comprised of Senate Bills 359 to 362 and House Bills 4542 to 4544, which create a new type of such account.
Passed in the Senate 37 to 0 (details)
