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Legislation


1999 Regular Session

HOUSE BILL 28

EMERGENCY BILL
File Code: Income Crossfiled with: SENATE BILL 8
Sponsored By:
Delegates Leopold, Heller, and Cadden
Entitled:
Maryland Higher Education Investment Program - Income Tax Subtraction Modification for Contributions

Synopsis:

Providing that the $2,500 limitation on the subtraction modification for payments made under a higher education investment contract in accordance with the Maryland Higher Education Investment Program is applicable to each higher education investment contract; allowing certain amounts disallowed under the subtraction modification as a result of the limitation to be carried over and subtracted for succeeding taxable years; and applying the Act to tax years beginning after December 31, 1997.

History by Legislative Date

House Action
07/20
Pre-filed
1/13
First Reading Ways and Means
1/20
Hearing 2/4 at 11:00 a.m.
3/1

Favorable with Amendments Report by Ways and Means
3/2
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/4
Third Reading Passed (137-0)
4/4
Return Passed
5/27
Governor vetoed - Cross-filed bill was signed
Senate Action
3/5
First Reading Budget and Taxation
4/5
Favorable Report by Budget and Taxation
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (45-0)
Sponsored by:
Delegate John R. Leopold, District 31
Delegate Joan Cadden, District 31
Delegate Henry B. Heller, District 19
Bill indexed under the following Subjects:
EXEMPTIONS
HIGHER EDUCATION -see also- STATE UNIVERSITIES AND COLLEGES.
INCOME TAX
INVESTMENTS -see also- SECURITIES
TUITION
Bill affects the following Statute:
Tax - General
( 10-208 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 815254/1 (PDF)     Offered on: March 2, 1999   at: 10:54 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 4, 1999: Third Reading Passed (137-0)
Senate
April 6, 1999: Third Reading Passed (45-0)
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