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1999 SESSION

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HB 1933 Income tax deduction for purchase of prepaid tuition contracts.

Introduced by: Mitchell Van Yahres | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Income tax deduction for purchase of prepaid tuition contracts. Allows taxpayers who are age 70 or older to deduct the full amount paid for the purchase of a prepaid tuition contract. Currently, the amount of the deduction that may be taken by a taxpayer in any year is limited to $2,000 per contract.


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