HB 962 — Georgia Higher Education Savings Plan; Board of Directors shall determine maximum contribution limit for savings trust accounts; provide
Senate Read and Referred
A BILL to be entitled an Act to amend Code Section 20-3-634 of the Official Code of Georgia Annotated, relating to savings trust accounts, availability, and terms and provisions relative to the Georgia Higher Education Savings Plan, so as to provide that the Board of Directors of the Georgia Higher Education Savings Plan shall determine the maximum contribution limit for savings trust accounts; to amend Code Section 48-7-27, relating to computation of taxable net income, so as to modify an exemption from taxable net income for contributions to certain education savings plans; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.
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