HB0196

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Interest Paid on Student Loans

Sponsored by:

Delegate Tarlau

Status:

In the House - Hearing 2/08 at 1:00 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; and applying the Act to taxable years beginning after December 31, 2016.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Tarlau, Afzali, Barkley, B. Barnes, D. Barnes, Barron, Carr, Chang, Conaway, Ebersole, Fennell, Fisher, Frush, Glenn, Gutierrez, Hayes, Healey, Hettleman, Hill, Hornberger, C. Howard, Jalisi, Knotts, Korman, Kramer, Krimm, Lierman, Luedtke, McCray, A. Miller, Moon, Morales, Patterson, Pena-Melnyk, Pendergrass, Platt, Queen, Reilly, Reznik, Sample-Hughes, Sanchez, Shoemaker, Simonaire, Sophocleus, Valentino-Smith, A. Washington, M. Washington, and K. Young
Additional Facts:Introduced in a prior session as: HB0103 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
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
Statutes:Article - Tax - General
(10-208)

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February 9, 2017 3:22 P.M.