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90_HB1324ham001
LRB9004848DNmbam01
1 AMENDMENT TO HOUSE BILL 1324
2 AMENDMENT NO. . Amend House Bill 1324 on page 6, by
3 replacing lines 30 through 34 with the following:
4 "(W) An amount, not to exceed $1,000, equal to the
5 amount deposited in and the interest earned on a college
6 savings plan, by an eligible taxpayer as defined in
7 Section 215, subject to the restrictions and penalties in
8 Section 215. This paragraph is exempt from the
9 provisions of Section 250."; and
10 on page 7, by deleting lines 1 through 3; and
11 on page 25, below line 13, by inserting the following:
12 "Eligible taxpayer" means a taxpayer who is (i) 20 years
13 of age or younger, (ii) over 20 years of age and attending a
14 college or university, or (iii) the relative or legal
15 guardian of an individual 20 years of age or younger or over
16 20 years of age and attending a college or university and who
17 deposits money in a college savings plan for the benefit of
18 an individual 20 years of age or younger or over 20 years of
19 age and attending a college or university.".