UW System Position on Bills Introduced in the Legislature During the 2007-2008 Session
(Molepske) Allows an individual income tax deduction for some amounts contributed by a divorced or legally separated parent to his or her child's college savings account or college tuition and expenses program; limits the deduction that may be claimed by a married person who files separately.
Referred to: Colleges & Universities
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.