State Treasurer Robert Butkin urges families to consider college savings plan

OKLAHOMA CITY (AP) -- State Treasurer Robert Butkin urged Oklahoma families Tuesday to consider opening an Oklahoma college savings account as a holiday gift.<br/><br/>Under the state program, taxpayers

Tuesday, December 7th 2004, 5:13 pm

By: News On 6

OKLAHOMA CITY (AP) -- State Treasurer Robert Butkin urged Oklahoma families Tuesday to consider opening an Oklahoma college savings account as a holiday gift.

Under the state program, taxpayers who open an account before Dec. 31 may qualify for a tax deduction of up to $2,500 per contributor per account on their Oklahoma income taxes.

"Oklahoma parents and family members have a tremendous opportunity this holiday season to give a child the greatest gift of all -- a promising future," Butkin said.

Under the program, contributions may be deducted from Oklahoma taxable income.