Legislation

Title: Income Tax Credit – Individuals Working in STEM Fields – Student Loan Payments
Sponsored by: Senators Kramer, Feldman, Hayes, and West
Status: In the Senate - Hearing 2/12 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Authorizing a credit against the State income tax for certain individuals with outstanding student loan debt during the taxable year if the debt was incurred to attend an institution of higher education, an associate, bachelor's, graduate, or postgraduate degree was obtained, and the individual is employed full-time by a Maryland-based employer in a certain field; authorizing certain individuals, on or before December 1 each year, to apply for the credit; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 1/27/2020 Legislative Date 1/27/2020 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit – Individuals Working in STEM Fields – Student Loan Payments Proceedings
Chamber Senate Calendar Date 1/29/2020 Legislative Date 1/29/2020 Action Hearing 2/12 at 2:00 p.m. Proceedings
Chamber Senate Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing 2/12 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/27/2020	1/27/2020	First Reading Budget and Taxation
			Text - First - Income Tax Credit – Individuals Working in STEM Fields – Student Loan Payments
Senate	1/29/2020	1/29/2020	Hearing 2/12 at 2:00 p.m.
Senate	2/10/2020	2/10/2020	Hearing canceled
Senate	2/10/2020	2/10/2020	Hearing 2/12 at 1:00 p.m.

File Code

Subjects

Statutes