Ohio legislation · 136th General Assembly
Ohio HB48: Modify tax deductions for 529 plan and ABLE account contributions
Status: In committee, June 11, 2025
To amend sections 5747.70 and 5747.78 of the Revised Code to modify the income tax deductions for contributions to 529 plans and ABLE accounts.
What the bill says
To amend sections 5747.70 and 5747.78 of the Revised Code to modify the income tax deductions for contributions to 529 plans and ABLE accounts.
From the amended text, June 4, 2025:
A BILL To amend sections 5747.70 and 5747.78 of the Revised Code to modify the income tax deductions for contributions to 529 plans and ABLE accounts. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO: Section 1. That sections 5747.70 and 5747.78 of the Revised Code be amended to read as follows: Sec. 5747.70. (A) In computing Ohio adjusted gross income, a deduction from federal adjusted gross income is allowed to a taxpayer who contributes to or purchases tuition units under a qualified tuition program established in accordance with section 529 of the Internal Revenue Code. The amount of the deduction shall equal the amount contributed or purchased during the taxable year to the extent that the amounts of such contributions and purchases were not deducted in determining the contributor's or purchaser's federal adjusted gross income for the taxable year. The combined amount of contributions and purchases deducted in any taxable year [DELETED: by a taxpayer or the taxpayer and the taxpayer's spouse, regardless of whether the taxpayer and the taxpayer's spouse file separate returns or a joint return, is limited to four thousand dollars ] shall not exceed the annual contribution limit for each beneficiary for whom contributions or purchases are made. If the combined annual contributions and purchases for a beneficiary exceed [DELETED: four thousand …
Sponsors
- Adam Mathews (R, 56) · primary sponsor
- Nick Santucci (R, 64) · primary sponsor
- Cindy Abrams (R, 29)
- Tim Barhorst (R, 85)
- Adam Bird (R, 63)
- Sean Brennan (D, 14)
- Karen Brownlee (D, 28)
- Thaddeus Claggett (R, 68)
- Gary Click (R, 88)
- Christine Cockley (D, 6)
- Meredith Craig (R, 77)
- Rodney Creech (R, 40)
Latest actions
- : Referred to committee
- : Introduced
- : Passed
- : Reported
- : Referred to committee
- : Introduced
Votes
- Passed (June 4, 2025): 93 yea, 0 nay, passed
- Favorable Passage (May 28, 2025): 10 yea, 0 nay, failed
Subjects: Health and Human Services, Education, Taxation, Higher Education, Mental Health and Disabilities
Common questions
- What is HB48?
- HB48 is a bill in the Ohio Legislature (136th General Assembly): Modify tax deductions for 529 plan and ABLE account contributions.
- What does HB48 do?
- In its own words: To amend sections 5747.70 and 5747.78 of the Revised Code to modify the income tax deductions for contributions to 529 plans and ABLE accounts.
- What is the status of HB48?
- In committee as of June 11, 2025. Latest action: Referred to committee (June 11, 2025).
- Who sponsored HB48?
- Adam Mathews (R, 56), with 11 co-sponsors.
- Where is the official record for HB48?
- On the Ohio Legislature website: https://www.legislature.ohio.gov/legislation/136/hb48
Source: official Ohio record. Tracked by Delilah, AI for legislation across all 50 states and Congress.