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Legislation


1998 Regular Session

SENATE BILL 268

CHAPTER NUMBER: 572 File Code: Income
Sponsored By:
Senators Miller, Kasemeyer, and Hogan
Entitled:
Maryland Higher Education Investment Program - Income Tax Subtraction Modification for Contributions

Synopsis:

Providing a subtraction modification under the Maryland income tax for advance payments of undergraduate tuition made by an individual as provided under a higher education investment contract in accordance with the Maryland Higher Education Investment Program; providing an addition modification for refunds made under a higher education investment contract that is not applied on behalf of the beneficiary for higher education tuition and other fees; applying the Act to tax years after 1997; etc.

History by Legislative Date

Senate Action
2/2
First Reading Budget and Taxation
2/11
Hearing 2/18 at 2:00 p.m.
3/16

Favorable with Amendments Report by Budget and Taxation
3/17
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (46-0)
4/12
Senate Refuses to Concur - House Amendments
Senate Requests House Recede
5/21
Signed by the Governor Chapter 572
House Action
3/20
First Reading Ways and Means
3/25
Hearing 3/31 at 1:00 p.m.
4/10
Favorable with Amendments Report by Ways and Means
4/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/7
Third Reading Passed with Amendments (138-0)
4/10
House Recede
Third Reading Passed (128-0)
Sponsored by:
Senator Thomas V. Mike Miller, Jr., District 27
Senator Patrick J. Hogan, District 39
Senator Edward J. Kasemeyer, District 12
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 Statutes:
Tax - General
( 10-205 , 10-205 , 10-208 , 10-208 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 359614/1 (PDF)     Offered on: March 17, 1998   at: 11:34 a.m.     Status: Adopted
House
Number: 225645/1 (PDF)     Offered on: April 10, 1998   at: 10:30 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 19, 1998: Third Reading Passed (46-0)
House
April 7, 1998: Third Reading Passed (138-0)
April 10, 1998: Third Reading Passed (128-0)
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