2024 Senate Bill 1002

Individual income tax: other; qualified higher education expenses under the Michigan education savings program; conform with most recent federal modifications.

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.

Official record

AI Analysis – Experimental

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.

Introduced in the Senate

Sept. 17, 2024

Introduced by Sen. Rosemary Bayer (D-13) and two co-sponsors

Co-sponsored by Sens. Sue Shink (D-14) and Erika Geiss (D-1)

Referred to the Committee on Appropriations

Oct. 16, 2024

Reported without amendment

Oct. 17, 2024

Referred to the Committee of the Whole

Oct. 23, 2024

Reported with amendment

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)