Legislation

Title: Income Tax Credit - Individuals Working in STEM Fields - Student Loan Payments
Sponsored by: Delegates Kramer, Barkley, Ciliberti, Gutierrez, R. Lewis, Stein, and K. Young
Status: In the House - Hearing 3/08 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Authorizing a credit against the State income tax for the amount certain individuals pay toward certain student loans during the taxable year; providing for the carryforward of the credit; authorizing certain individuals, on or before December 1 each year, to apply to the Department of Commerce for the credit; requiring the application to contain certain information; requiring the Department and the Maryland Higher Education Commission jointly to review the applications and award the tax credits; applying the Act; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 2/02/2018 Legislative Date 2/02/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit - Individuals Working in STEM Fields - Student Loan Payments Proceedings
Chamber House Calendar Date 2/12/2018 Legislative Date 2/12/2018 Action Hearing 3/07 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/20/2018 Legislative Date 2/20/2018 Action Hearing canceled Proceedings
Chamber House Calendar Date 2/20/2018 Legislative Date 2/20/2018 Action Hearing 3/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/02/2018	2/02/2018	First Reading Ways and Means
			Text - First - Income Tax Credit - Individuals Working in STEM Fields - Student Loan Payments
House	2/12/2018	2/12/2018	Hearing 3/07 at 1:00 p.m.
House	2/20/2018	2/20/2018	Hearing canceled
House	2/20/2018	2/20/2018	Hearing 3/08 at 1:00 p.m.

File Code

Subjects

Statutes