HB0103

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Interest Paid on Student Loans

Sponsored by:

Delegate Tarlau

Status:

In the House - Hearing 2/02 at 2:00 p.m.


Synopsis:Allowing a subtraction modification under the State income tax for the amount of interest paid by a qualified taxpayer on qualified student loans; requiring the Comptroller to adopt specified regulations; applying the Act to taxable years beginning after December 31, 2015; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Tarlau, Angel, Barron, Ebersole, Fennell, Jalisi, McCray, Pena-Melnyk, Platt, Rosenberg, Sanchez, Valentino-Smith, and A. Washington
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Comptroller
Exemptions
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Interest
Loans -see also- Mortgages
Rules and Regulations
Students
Statutes:Article - Tax - General
(10-208)

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Explanation of Floor Motions and Actions


October 24, 2017 4:57 P.M.