HOUSE BILL 42

File Code: Taxes - Income

Sponsored By:

Delegate Taylor

Entitled:

Income Tax - Subtraction Modification for Qualified Tuition Expenses at Public Universities

Synopsis:

Allowing a subtraction modification equal to 5% of qualified tuition expenses at public universities; prohibiting the subtraction modification from being claimed by more than one taxpayer with respect to the same individual; and applying the Act to tax years after 2004.

History by Legislative Date

House Action

09/13

Pre-filed

1/12

First Reading Ways and Means

2/2

Hearing 2/15 at 1:00 p.m.

3/23

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

EXEMPTIONS

INCOME TAX

STATE UNIVERSITIES AND COLLEGES

STUDENTS

TUITION

Bill affects the following Statutes:

Tax - General

( 10-208 , 10-208 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered