*Letters

SB 6 Income tax deduction for College Savings

Published on:
June 16, 2015

SIFMA provides Comments to the House Ways and Means Committee on SB 6 Income tax deduction for college savings. SB 6 would increase the maximum state income tax deduction for contributions to a college savings programs created under Chapter 3334 of Ohio’s Revised Code. SIFMA strongly believes that such savings incentives are vital to ensure that every young Ohioan is able to receive a quality education, and that providing savers the ability to choose the best-fitting college savings plan is a key component of these efforts.

SIFMA requested the consideration of the following language, to be included after “Chapter 3334 of the Revised Code” on page 1, line 14: “… or to any qualified tuition program as provided in section 529(b)(1) of the Internal Revenue Code of 1986, as amended …” This would permit the state tax deduction for college savings plan contributions to apply to all Ohioans, regardless of which 529 plan they choose to utilize in saving for future education costs.

See also: Senate Bill 6

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.