Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Friday, August 11, 2006

Michigan Treasurer Applauds Congress For Continuing "529" Exemption For MET & MESP

Michigan State Treasurer Robert J. Kleine today commended Congress for making permanent the federal tax exemption for Section 529 plans, which was due to expire in 2010. This benefits parents, grandparents, and others who invest in either the Michigan Education Trust or Michigan Education Savings Program, by maintaining tax exemptions for distributions from the programs.

"This is great news for Michigan families," said Treasurer Kleine.

"Thousands who have MET contracts and MESP accounts will experience additional savings in the years ahead. This change should also encourage more families to begin to save for the future through one of these valuable programs."


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