Relating to college savings network account contributions; prescribing an effective date.
Catchline/Summary:
Increases limitation on subtraction for contribution to college savings network account to amount per designated beneficiary. Increases limitation on subtraction for contribution to college savings network account to amount per designated beneficiary. Prohibits reduction of state share of Oregon Opportunity Grant based on amounts available from college savings network account. Establishes refundable credit against personal income taxes for contributions to college savings network account.
Applies to tax years beginning on or after January 1, 2015.
Takes effect on 91st day following adjournment sine die.
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HB 2747 House Committee On Revenue
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