California Treasurer Ma and Assembly Majority Leader Calderon seek income tax deductions for contributors to state’s 529 college savings plan
AB 211, authored by Assembly Majority Leader Ian Calderon and sponsored by Treasurer Ma, would provide a state income tax deduction when an individual contributes to one or more ScholarShare 529 accounts up to a limit of $5,000 for single taxpayers and $10,000 for those who file jointly.