- Income Tax - Subtraction Modification - College Savings Plan Contributions
- Sponsored by
- Delegates Rose, Beitzel, Buckel, Chisholm, Corderman, Ghrist, Hartman, Hornberger, Kittleman, Krebs, Long, Malone, Mautz, McComas, Miller, Parrott, Reilly, Saab, and Shoemaker
- In the House - Hearing 3/08 at 1:00 p.m.
- Fiscal and Policy Note
Increasing from $2,500 to $5,000 the maximum amount allowed as a subtraction modification under the Maryland income tax for payments or contributions made by an account holder or a contributor to certain college savings plan accounts; and applying the Act to taxable years beginning after December 31, 2018.
Bill File Type: Regular
Effective Date(s): July 1, 2019
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Last Updated: 2/3/2020 2:31 PM