Expands Michigan education savings program to include qualified postsecondary credentialing expenses.
This bill amends the Michigan education savings program to include qualified postsecondary credentialing expenses as a qualified higher education expense. This change allows for withdrawals from education savings accounts to cover costs related to obtaining postsecondary credentials, in addition to traditional higher education expenses. The bill aligns the program with federal tax code definitions, ensuring consistency and compliance.
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