Allowing a qualified taxpayer a credit against the State income tax for up to 50% of the qualified student loan payments made by the taxpayer during the taxable year; providing that the credit may not exceed the lesser of 20% of the average annual tuition during the taxable year at all institutions of higher education or $2,500; requiring the Comptroller to adopt specified regulations; applying the Act to taxable years beginning after December 31, 2013; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2014
|Date Posted||Document Name|
|1/30/2014||Text - First - Income Tax Credit - Student Loan Payments|
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Last Updated: 2/3/2020 2:29 PM