A bill to amend 2000 PA 161, entitled “Michigan education savings program act,” by amending sections 2 and 16 (MCL 390.1472 and 390.1486), section 2 as amended by 2010 PA 6.
The bill updates the Michigan Education Savings Program Act to include apprenticeship and loan expenses as qualified education costs, clarifies tax exemptions, and aligns with the 2023 Internal Revenue Code.
Co-sponsored by Sens.
Referred to the Committee on Appropriations
Reported without amendment
Referred to the Committee of the Whole
1.
Amend page 2, line 24, after “January 1,” by striking out “2023” and inserting “2024”.
Amendment concurred in by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Higher Education
Reported without amendment
