MA H3206

Expands Massachusetts tax benefits for 529 college savings plans to include "fossil fuel free" investment options from out-of-state programs when such options are not available through Commonwealth-established plans

Defines "fossil fuel free portfolio" as one with less than 0.25% fossil fuel investments and an expense ratio no higher than 1.5 times MEFA's median expense ratio

Defines "fossil fuel investments" as companies owning carbon reserves or involved in exploration, extraction, processing, refining, or transmission of coal, oil, or gas, as well as suppliers of drilling equipment and services

Filed on January 15, 2025 by Representative Steven Owens (29th Middlesex) with four co-sponsors from Hampden, Middlesex, Hampshire, Franklin, and Worcester districts