Legislation

Title: Income Tax Subtraction Modification - College Savings Plans - Contributions
Sponsored by: Senators Serafini, Currie, DeGrange, Eckardt, Edwards, Ferguson, Guzzone, Kasemeyer, King, Madaleno, Manno, McFadden, and Peters
Status: Approved by the Governor - Chapter 197
Analysis: Fiscal and Policy Note

Synopsis

Providing a subtraction modification under the Maryland income tax for contributions made by specified individuals to specified college savings accounts subject to specified limitations; defining specified terms; and applying the Act to all taxable years beginning after December 31, 2015.

Committees

Original:: Budget and Taxation

Opposite:: Ways and Means

Details

Cross-filed with: HB0335

Bill File Type: Regular

Effective Date(s): July 1, 2016

History

Legislation History
Chamber Senate Calendar Date 1/27/2016 Legislative Date 1/28/2016 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/28/2016 Legislative Date 1/28/2016 Action Hearing 2/17 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/17/2016 Legislative Date 3/18/2016 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/18/2016 Legislative Date 3/18/2016 Action Favorable with Amendments {279038/1 Report Adopted Proceedings 47
Chamber Senate Calendar Date 3/18/2016 Legislative Date 3/18/2016 Action Second Reading Passed with Amendments Proceedings 47
Chamber Senate Calendar Date 3/21/2016 Legislative Date 3/19/2016 Action Third Reading Passed (45-0) Proceedings 48
Chamber House Calendar Date 3/21/2016 Legislative Date 3/19/2016 Action First Reading Ways and Means Proceedings 51
Chamber House Calendar Date 3/28/2016 Legislative Date 3/28/2016 Action Hearing 3/29 at 1:00 p.m. Proceedings
Chamber House Calendar Date 4/05/2016 Legislative Date 4/06/2016 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/06/2016 Legislative Date 3/30/2016 Action Favorable Report Adopted Proceedings 62
Chamber House Calendar Date 4/06/2016 Legislative Date 3/30/2016 Action Second Reading Passed Proceedings 62
Chamber House Calendar Date 4/07/2016 Legislative Date 4/01/2016 Action Third Reading Passed (137-0) Proceedings 64
Chamber Senate Calendar Date 4/08/2016 Legislative Date 4/02/2016 Action Returned Passed Proceedings 62
Chamber Post Passage Calendar Date 4/26/2016 Legislative Date 4/26/2016 Action Approved by the Governor - Chapter 197 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/27/2016	1/28/2016	First Reading Budget and Taxation
Senate	1/28/2016	1/28/2016	Hearing 2/17 at 1:00 p.m.
Senate	3/17/2016	3/18/2016	Favorable with Amendments Report by Budget and Taxation
Senate	3/18/2016	3/18/2016	Favorable with Amendments {279038/1 Report Adopted	47
Senate	3/18/2016	3/18/2016	Second Reading Passed with Amendments	47
Senate	3/21/2016	3/19/2016	Third Reading Passed (45-0)	48
House	3/21/2016	3/19/2016	First Reading Ways and Means	51
House	3/28/2016	3/28/2016	Hearing 3/29 at 1:00 p.m.
House	4/05/2016	4/06/2016	Favorable Report by Ways and Means
House	4/06/2016	3/30/2016	Favorable Report Adopted	62
House	4/06/2016	3/30/2016	Second Reading Passed	62
House	4/07/2016	4/01/2016	Third Reading Passed (137-0)	64
Senate	4/08/2016	4/02/2016	Returned Passed	62
Post Passage	4/26/2016	4/26/2016	Approved by the Governor - Chapter 197

Documents

Date Posted	Document Name
3/18/2016	Amendments Senate - (Budget and Taxation) {279038/01 Adopted
1/28/2016	Text - First - Income Tax Subtraction Modification - College Savings Plans - Contributions
3/19/2016	Text - Third - Income Tax Subtraction Modification - College Savings Plans - Contributions
5/18/2016	Text - Chapter - Income Tax Subtraction Modification - College Savings Plans - Contributions
3/18/2016	Vote - Senate - Committee - Budget and Taxation
4/06/2016	Vote - House - Committee - Ways and Means
3/21/2016	Vote - Senate Floor - Third Reading Passed (45-0) - 03/21/16
4/01/2016	Vote - House Floor - Third Reading Passed (137-0) - 04/01/16

File Code

Subjects

Statutes