- Introduced -

SB 18 - This act enables an income tax deduction of up to $8,000 for an individual and up to $16,000 for a combined return for total annual contributions made to qualified savings programs and I.R.C. section 529 plans. Current law only allows such deduction in the amount of $8,000, without specifying treatment of combined returns, and limits the deduction to only qualified savings program contributions.

JEFF CRAVER