Legislation

Increasing from $5,000 to $100,000 the amount of the Student Loan Debt Relief Tax Credit that certain individuals with a certain amount of student loan debt may claim against the State income tax; increasing from $9,000,000 to $100,000,000 the total amount of tax credits that the Maryland Higher Education Commission may approve in a taxable year; and applying the Act to taxable years beginning after December 31, 2020.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2021

History

Legislation History
Chamber House Calendar Date 10/24/2020 Legislative Date 10/24/2020 Action Pre-filed Proceedings
Chamber House Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Student Loan Debt Relief Tax Credit – Alteration of Credit Amounts Proceedings
Chamber House Calendar Date 1/07/2021 Legislative Date 1/07/2021 Action Hearing 1/28 at 1:30 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	10/24/2020	10/24/2020	Pre-filed
House	1/13/2021	1/13/2021	First Reading Ways and Means
			Text - First - Income Tax – Student Loan Debt Relief Tax Credit – Alteration of Credit Amounts
House	1/07/2021	1/07/2021	Hearing 1/28 at 1:30 p.m.

File Code

Subjects

Statutes