SB0706

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Maryland Education Credit

Sponsored by:

Senator DeGrange

Status:

In the House - Hearing 3/31 at 1:00 p.m.


Synopsis:Providing a tax credit against the State income tax for contributions made to specified student assistance organizations; requiring the Department of Economic Competitiveness and Commerce to administer the tax credit; requiring specified entities to submit an application to be a student assistance organization on or before December 1 each year; establishing the Maryland Education Tax Credit Reserve Fund; applying the Act to taxable years beginning after December 31, 2015; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators DeGrange, Currie, Eckardt, Edwards, Jennings, Klausmeier, McFadden, Middleton, Miller, Muse, Peters, Reilly, and Serafini
Additional Facts:Cross-filed with: HB1343
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Appropriations
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Comptroller
Discrimination
Examinations
Gifts
Grants
Income Tax
Nonprofit Organizations
Notices
Private Schools
Public Schools
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Tax Credits -see also- Circuit Breaker
Statutes:Article - Economic Development
(2.5-109)
Article - Tax - General
(10-205, 10-306, 10-737)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


March 31, 2016 2:36 P.M.