Marcell, Friel Applaud PA 529 Tax Credit Bill Being Incorporated into Recently Passed Tax Code, Offering Significant Benefits to Families and Employers

Jul. 17, 2024 /

HARRISBURG - The 529 tax credit, originally House Bill 1745 and co-prime sponsored by state Reps. Kristin Marcell (R-Bucks) and Paul Friel (D-Chester), has been successfully incorporated into the recently signed Tax Code by Gov. Josh Shapiro. This new tax credit incentivizes employers to contribute to their employees' PA 529 College and Career Savings Program accounts, providing substantial benefits to families across Pennsylvania and supporting workforce development.