Introduced
by
To make various technical changes to the law authorizing Michigan Education Savings Accounts, and to exempt from the Freedom of Information Act communications between an account manager, owner, or beneficiary. Under current law, an account purchaser must specify the name and age of the beneficiary. The bill exempt accounts purchased by a governmental agency or an tax exempt organization under 501(c)(3)tax exempt organization from this requirement.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 104 to 0 (details)
To make various technical changes to the law authorizing Michigan Education Savings Accounts, and to exempt from the Freedom of Information Act communications between an account manager, owner, or beneficiary. Under current law, an account purchaser must specify the name and age of the beneficiary. The bill exempt accounts purchased by a governmental agency or an tax exempt organization under 501(c)(3)tax exempt organization from this requirement.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
To offer a third type of pre-paid tuition contract, which in return for a lower price would not be refundable if the beneficiary does not go to college.
The amendment passed by voice vote
Passed in the Senate 37 to 0 (details)
To make various technical changes to the law authorizing Michigan Education Savings Accounts, and to exempt from the Freedom of Information Act communications between an account manager, owner, or beneficiary. Under current law, an account purchaser must specify the name and age of the beneficiary. The bill exempts accounts purchased by a governmental agency or an tax exempt organization under 501(c)(3)tax exempt organization from this requirement. Also, to provide an alternative type of pre-paid tuition contract, which in return for a lower price would not be refundable if the beneficiary does not go to college.
Passed in the House 91 to 13 (details)
To concur with the Senate-passed version of the bill, which offers an alternative type of pre-paid tuition contract, which in return for a lower price would not be refundable if the beneficiary does not go to college.
