2007 House Bill 5138 ↩

Senate Roll Call 597: Passed

To authorize broadening the investment options in the Michigan Education Savings Plan account program, which is a tax deferred college savings account program (a “529 plan”), contributions to which qualify for state and federal income tax deductions. The bill would also explicitly allow withdrawals from an MESP account to pay the cost of a student attending one of the U.S. service academies, including West Point, the Naval Academy at Annapolis, the Air Force Academy in Colorado Springs, the United States Coast Guard Academy, or the United States Merchant Marine Academy.