APPROVED CHAPTER
MAY 3, 2022 707
BY GOVERNOR PUBLIC LAW
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-TWO
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S.P. 31 - L.D. 23
An Act To Reinstate and Increase the Income Tax Deduction for
Contributions to Education Savings Plans
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §5122, sub-§2, ¶YY is enacted to read:
YY. For taxable years beginning on or after January 1, 2023, the portion of
contributions to a qualified tuition program established under Section 529 of the Code
up to $1,000 per designated beneficiary. This deduction may not be claimed when
federal adjusted gross income exceeds $100,000 for a single individual and married
persons filing separate returns or $200,000 for individuals filing married joint returns
and heads of households.
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