- Income Tax Subtraction Modification - College Savings Plan Accounts - Contributions (College Savings Tax Enhancement Act)
- Sponsored by
- Senators King, Feldman, Guzzone, Kagan, Lee, Manno, Peters, Robinson, Young, and Zucker
- In the Senate - Hearing 2/28 at 1:00 p.m.
- Fiscal and Policy Note
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 single individual or 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.
Bill File Type: Regular
Effective Date(s): July 1, 2018
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Last Updated: 2/3/2020 2:35 PM