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Ways and Means committee favorably reports tax deduction changes for 529 and ABLE contributions
5554259 · June 4, 2025
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Summary
The House Ways and Means Committee voted unanimously to favorably report House Bill 48, which would modify state tax deductions for 529 college-savings plans and ABLE accounts; no public testimony was offered at the fifth hearing.
House Ways and Means Committee Chairman Romer and the committee voted unanimously to favorably report House Bill 48, a measure to modify tax deductions for contributions to 529 college-savings plans and Achieving a Better Life Experience (ABLE) accounts, during the committee’s fifth hearing.
The bi…
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