November 20, 2003
Contributions to Michigan’s 529 college savings programs make great gifts
for the holidays—and tax savings for contributors— First Gentleman
Daniel Mulhern said in a news conference today.
Mulhern noted that contributions made to Michigan Education Trust (MET) and
the Michigan Education Savings Program (MESP) are deductible from 2003 state
income taxes if contributions are made by December 31. Partly to allow families
to take advantage of that deduction, Mulhern announced, MET will open enrollment
December 15 for contributions to the state’s prepaid tuition program.
MESP accepts contributions at any time.
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November 20, 2003
