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DIGEST OF HB1566 (Updated February 24, 2005 6:11 pm - DI 84)
Education savings deduction. Provides that up to $2,000 in contributions to a family college savings account may be deducted from adjusted gross income. Reduces the number of appointed directors of the education savings authority from five to three. Codifies an expired noncode provision that requires the treasurer of state and the board for depositories to provide clerical support, office space and services, and financial support to the education savings authority.