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Georgia General Assembly > Legislation
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2001-2002 Regular Session - SB 29
Georgia Prepaid Education Program; tax incentives; savings for higher education expenses
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First Reader Summary
A BILL to be entitled an Act to amend Chapter 3 of Title 20 of the O.C.G.A., relating to postsecondary education, so as to enact "The Georgia Prepaid Education Program"; to provide for comprehensive provisions establishing a method of saving money for the payment of qualified higher education expenses; to provide for a short title; to provide for definitions; to provide for purposes of such program; to provide for the powers, duties, and authority of the Georgia Student Finance Commission; to provide for procedures, conditions, and limitations with respect to such program; to provide that certain limited contributions and qualified withdrawals used solely for qualified higher education expenses shall not be subject to state income tax; to provide for related matters; to repeal conflicting laws; and for other purposes.
Status History
Jan/12/2001 - Senate Read and Referred
Jan/11/2001 - Senate Proposed First Readers