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2017 Regular Session



Income Tax - Subtraction Modification - Discharged Student Loan Debt

Sponsored by:

Delegate Flanagan


In the House - Hearing 3/08 at 1:00 p.m.

Synopsis:Allowing a subtraction modification under the Maryland income tax for specified income of specified individuals resulting from the discharge of student loan debt; providing that the amount of the subtraction modification may not exceed $50,000 for an individual or $100,000 for a married couple filing jointly; requiring an individual to submit specified documentation to qualify for the subtraction modification; prohibiting an individual from claiming the subtraction modification under specified circumstances; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Flanagan, Carozza, Malone, McComas, W. Miller, and Rose
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2017
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Debt Management
Income Tax
Scholarships and Student Financial Aid
Statutes:Article - Tax - General

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November 28, 2017 1:04 P.M.