Arizona bill provides state tax deduction for 529 contributions

HB2280 would provide Arizona taxpayers with a $2,000 (single or head of household) or $4,000 (joint or combined married-separate) state income tax deduction for annual contributions to any of Arizona's 529 plans beginning in 2006. Deductions would be recaptured upon non-qualified withdrawals. The bill passed the Ways and Means on January 30, 2006.
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