H1385B1747A02004 MSP:EJH 06/16/17 #90 A02004
AMENDMENTS TO HOUSE BILL NO. 1385
Sponsor: REPRESENTATIVE CORR
Printer's No. 1747
Amend Bill, page 1, line 19, by inserting after "into"
a qualified 529 advisor sold plan or
Amend Bill, page 2, line 1, by inserting after "return."
Beginning in the year following the inception of a
Pennsylvania qualified 529 advisor sold plan, amounts paid as
contributions to qualified 529 advisor sold plans other than the
Pennsylvania qualified 529 advisor sold plan shall not be
deductible from taxable income on the personal income tax
return.
Amend Bill, page 2, lines 15 through 17, by striking out all
of said lines
Amend Bill, page 2, line 26, by inserting after "The"
term "qualified 529 advisor sold plan" shall mean a channel
through which the State or a broker dealer, investment advisor
or other financial intermediary offers a college savings program
under section 529 of the Internal Revenue Code of 1986, as
amended, to eligible investors and assists with the opening and
servicing of individual college savings program accounts.
(ii) The
Amend Bill, page 2, line 29, by inserting a bracket before
"(ii)"
Amend Bill, page 2, line 29, by inserting after "(ii)"
] (iii)
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See A02004 in
the context
of HB1385