A new bill filed by State Rep. Renée A. Price seeks to create a program encouraging savings for children’s education through matched contributions and tax incentives, according to the North Carolina State House.
The bill, filed as HB 787 on April 3 during the 2025 regular session, was formally listed with the short title: ‘Revise NC 529 Program.’
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
In essence, this bill establishes a matching program for contributions to the Parental Savings Trust Fund in North Carolina, offering a $100 match for every $50 contributed by eligible persons, with a maximum match of $500 per year and a $1,500 cap per qualifying student. Eligible contributors must be residents with a household income within 250% of federal poverty guidelines, and the student must be a resident aged 14 or younger. The program is funded with $180,000 from the General Fund, effective July 1, 2025. Additionally, starting January 1, 2026, the bill introduces a tax deduction for contributions up to $2,000 to this fund, with a $4,000 limit for joint filers, contingent on the funds being used for qualified higher education expenses unless exemptions apply.
Of the three sponsors of this bill, Terry M. Brown Jr. proposed the most bills (29) during the 2025 regular session.
Bills in North Carolina follow a multi-step process before becoming law. A lawmaker starts by filing a bill, which is assigned to a committee for review. The bill must be read three times in each chamber. If one chamber changes the bill after the other passes it, both must agree on the final version. Once both chambers approve the same bill, it goes to the governor, who has 10 days (or 30 if the legislature is not in session) to sign, veto, or let it become law without a signature.
You can read more about the bills and other measures here.
Prince graduated from Tufts University with a BA.
Prince, a Democrat, was elected to the North Carolina State House in 2023 to represent the state’s 50th House district, replacing previous state representative Graig R. Meyer.
| Authors | Bill Number | Date Filed | Title |
|---|---|---|---|
| Renée A. Price, James Roberson, and Terry M. Brown Jr. | HB 787 | 04/03/2025 | Revise NC 529 Program. |
| Renée A. Price, Abe Jones, Julia Greenfield, and Phil Rubin | HB 784 | 04/03/2025 | Prohibit Assault Weapons. |
| Renée A. Price, Allen Buansi, Donna McDowell White, and Sarah Crawford | HB 743 | 04/02/2025 | Allow Live-In DSPs in Group Homes. |
| Renée A. Price, Carolyn G. Logan, Garland E. Pierce, and Kanika Brown | HB 662 | 04/01/2025 | Support the State Highway Patrol. |
| Renée A. Price, Abe Jones, Julia Greenfield, and Marcia Morey | HB 589 | 03/31/2025 | The Second Look Act. |
| Renée A. Price, B. Ray Jeffers, James Roberson, and Rodney D. Pierce | HB 601 | 03/31/2025 | Funds for Facilities of DAV Organizations. |
| Renée A. Price, Allen Buansi, Frank Iler, and Tricia Ann Cotham | HB 513 | 03/25/2025 | Strengthen Long-Term Care Ombudsman Program. |
| Renée A. Price, Carla D. Cunningham, Julie von Haefen, and Lindsey Prather | HB 500 | 03/24/2025 | NC Adopt ERA. |
| Renée A. Price, Howard Penny, Jr., and Kanika Brown | HB 457 | 03/19/2025 | Increase Small County Funding. |
| Renée A. Price, Deb Butler, Marcia Morey, and Pricey Harrison | HB 458 | 03/19/2025 | Improve Enforcement/Migrant Housing. |
| Renée A. Price | HB 409 | 03/17/2025 | Funds for Caswell County Vol. Fire Department. |
| Renée A. Price, Allen Buansi, B. Ray Jeffers, and Zack Hawkins | HB 416 | 03/17/2025 | Funds for Boys & Girls Clubs. |
| Renée A. Price and Allen Buansi | HB 391 | 03/12/2025 | More APS Staff to Address Elder Abuse. |
| Renée A. Price, Donna McDowell White, Howard Penny, Jr., and Robert T. Reives, II | HB 363 | 03/11/2025 | Reg. Public Trans. Authority Service Area. |
| Renée A. Price, Deb Butler, Marcia Morey, and Maria Cervania | HB 303 | 03/05/2025 | Make Corporations Pay What They Owe. |
| Renée A. Price, Bryan Cohn, Frances Jackson, PhD, and Marcia Morey | HB 267 | 03/03/2025 | Expunging Certain Eviction Records. |
| Renée A. Price, James Roberson, and Maria Cervania | HB 248 | 02/27/2025 | Live/Work Exemption for One-Family Dwellings. |
| Renée A. Price, Donnie Loftis, Edward C. Goodwin, and Nasif Majeed | HB 254 | 02/27/2025 | Adopt Tuskegee Airmen Day. |
| Renée A. Price | HB 233 | 02/26/2025 | Funds for Town of Milton. |
| Renée A. Price, Deb Butler, Marcia Morey, and Pricey Harrison | HB 207 | 02/25/2025 | Remove Barriers to Labor Organizing. |
| Renée A. Price, Deb Butler, Marcia Morey, and Pricey Harrison | HB 178 | 02/24/2025 | Budgeting Accountability and Transparency. |
| Renée A. Price, Deb Butler, Marcia Morey, and Pricey Harrison | HB 180 | 02/24/2025 | Fiscally Responsible & Sustainable Budgeting. |
| Renée A. Price, Marcia Morey, Pricey Harrison, and Tracy Clark | HB 166 | 02/21/2025 | Allow ERPOs to Prevent Suicides & Save Lives. |
| Renée A. Price, Allen Buansi, Pricey Harrison, and Tim Longest | HB 131 | 02/13/2025 | Reenact Solar Energy Tax Credit. |
| Renée A. Price, Deb Butler, Maria Cervania, and Pricey Harrison | HB 78 | 02/10/2025 | Prohibit LEO w/ICE Churches/Schools/Hospitals. |
| Renée A. Price, Deb Butler, Maria Cervania, and Pricey Harrison | HB 80 | 02/10/2025 | Prohibit LEO w/ICE at Farm/Construct. Sites. |
| Renée A. Price and Allen Buansi | HB 51 | 02/04/2025 | SchCalFlex/Orange,CH-Car,Caswell/CC & Assmnts. |
