*Letters

California Legislation Addressing 529 Plans

Published on:
May 3, 2007

SIFMA provides comments to California State Assemblyman Sharon Runner on legislation addressing 529 Plans, AB 819, as amended.  SIFMA strongly supports the legislation that would allow California residents who contribute to any qualified 529 plan to deduct the amount of that contribution – up to a maximum of $3,000 per year per individual or $6,000 per married couple filing jointly – from their gross income for state tax purposes.

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