2015 House Bill 4541

Increase Michigan education savings plan balance cap

Introduced in the House

May 5, 2015

Introduced by Rep. Anthony Forlini (R-24)

To increase from $235,000 to $500,000 the maximum balance allowed in Michigan “section 529” education savings plans for a particular beneficiary. See also House Bills 4542 to 4544, which create a new type of such account.

Referred to the Committee on Financial Services

May 20, 2015

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 27, 2015

Amendment offered by Rep. Anthony Forlini (R-24)

The amendment passed by voice vote

Passed in the House 107 to 2 (details)

Received in the Senate

June 3, 2015

Referred to the Committee on Finance