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Committee advances bill to raise Individual Development Account matching cap to $20,000; Hartman declares conflict
Summary
The committee voted to move Senate Bill 465A to the House floor with a due-pass recommendation; the bill removes an annual match limit and sets a $20,000 per-ID A matching cap. Chair Hartman declared a conflict and the bill was assigned to Rep. Ruiz as carrier.
The House Committee on Early Childhood and Human Services voted April 24 to send Senate Bill 465A to the floor with a due-pass recommendation. The bill removes an annual limit on matching funds that may accrue in an Individual Development Account (IDA) and replaces it with a per-account maximum of $20,000 in matching funds.
At the work session, committee staff summarized the bill: "House bill 4 or Senate Bill 465A removes the annual limit on matching funds…
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