Current law allows a state income tax deduction for payments made under a qualified state tuition program equal to a maximum of $20,000 for a taxpayer who files an individual income tax return and $30,000 for 2 married taxpayers who file a joint income tax return. The bill increases to $40,000 the maximum deduction for married taxpayers who file a joint income tax return.(Note: This summary applies to this bill as introduced.)

Statutes affected:
Preamended PA1 (02/28/2023): 39-22-104
Introduced (01/09/2023): 39-22-104