Loading chat...

NC S247

Bill

Official Source

Status

Passed

6/3/2011

Primary Sponsor

Bob Atwater

Click for details

Origin

Senate

2011-2012 Session

AI Summary

  • Repeals Section 31.19(d) of S.L. 2007-323, which previously limited contributions to parental savings trust fund accounts based on income thresholds
  • Eliminates income restrictions that previously prevented higher-income families from contributing to the state education assistance authority's parental savings trust fund
  • Becomes effective upon ratification by the Governor on June 3, 2011
  • Allows all individuals, regardless of income level, to contribute to parental savings trust fund accounts

Legislative Description

Eliminate Means Test From 529 Deduction

Last Action

Ch. SL 2011-106

6/3/2011

Committee Referrals

Finance3/8/2011

Full Bill Text

No bill text available