Amend the bill in section 1 in paragraph Y in the 4th line (page 1, line 7 in L.D.) by striking out the following: " $1,000" and inserting the following: ' $500'

summary

This amendment changes the increase in the maximum deduction for contributions to a qualified tuition program established under Section 529 of the United States Internal Revenue Code of 1986 to $500 per designated beneficiary. The bill proposes an increase from $250 to $1,000 for tax years starting on or after January 1, 2013.