Legislation

Title: Income Tax Subtraction Modification - College Savings Plan Accounts - Contributions (College Savings Tax Enhancement Act)
Sponsored by: Delegate Korman
Status: In the House - Withdrawn by Sponsor
Analysis: Fiscal and Policy Note

Synopsis

Increasing, from $2,500 to $5,000, the amount of a subtraction modification under the Maryland income tax for contributions made by certain individuals whose federal adjusted gross income does not exceed $225,000 or, in the case of a married individual filing a separate return, $150,000 to certain college savings plan accounts; applying the Act to taxable years beginning after December 31, 2017; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0650

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 1/15/2018 Legislative Date 1/15/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Subtraction Modification - College Savings Plan Accounts - Contributions (College Savings Tax Enhancement Act) Proceedings
Chamber House Calendar Date 1/17/2018 Legislative Date 1/17/2018 Action Hearing 1/31 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/14/2018 Legislative Date 3/14/2018 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/15/2018	1/15/2018	First Reading Ways and Means
			Text - First - Income Tax Subtraction Modification - College Savings Plan Accounts - Contributions (College Savings Tax Enhancement Act)
House	1/17/2018	1/17/2018	Hearing 1/31 at 2:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/14/2018	3/14/2018	Withdrawn by Sponsor

File Code

Subjects

Statutes