Government Relations

UW System Position on Bills Introduced in the Legislature During the 2005-2006 Session

Pending Legislation

AB 31

Income tax deduction for 529 contribution

Full Description

(Nass) Allows an individual income tax deduction for certain amounts contributed to any section 529 college tuition program.

Referred to Joint Survey Committee on Tax Exemptions.

UW System Position

SUPPORT: The exemption would encourage more savings for higher education. In tight fiscal times, the value of this tax credit approach must be weighed against direct appropriation of state grant funds for low income students.