To revise the penalty for unqualified distributions of funds from a Michigan education savings program account. As amended, the bill removes the 10 percent state penalty for unqualified distributions. There is now a 10 percent federal penalty on such distributions.
32 Yeas / 0 Nays | |
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Democrat (11 Yeas / 0 Nays) | |
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Excused or Not Voting (6) | |
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