The bill aims to allow individuals to deduct contributions made to California's Qualified Tuition Program from their federal income taxes. This deduction would provide tax benefits for those contributing to the program, which helps families save for education expenses. The bill seeks to support educational savings and reduce the financial burden of higher education by encouraging participation in state tuition programs through a tax incentive at the federal level.
2023-02-15: Read first time. To print.
2023-02-16: From printer. May be heard in committee March 18.
2023-02-23: Referred to Com. on REV. & TAX.
2023-03-28: In committee: Set, first hearing. Hearing canceled at the request of author.
2023-04-18: In committee: Set, second hearing. Hearing canceled at the request of author.
2024-01-31: Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
2024-02-01: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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