SB0320

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Student Debt Relief Act of 2017

Sponsored by:

President

Status:

In the Senate - Hearing 2/22 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; applying the Act to taxable years beginning after December 31, 2017; etc.
Analysis:Fiscal and Policy Note
All Sponsors:The President (By Request - Administration) and Senators Bates, Cassilly, Eckardt, Edwards, Hershey, Hough, Jennings, Norman, Ready, Salling, Serafini, Simonaire, and Waugh
Additional Facts:Cross-filed with: HB0399
Bill File Type: Regular
Effective Date(s): July 1, 2017
By Request of the Governor
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Comptroller
Income Tax
Interest
Rules and Regulations
Scholarships and Student Financial Aid
Statutes:Article - Tax - General
(10-208)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


February 23, 2017 4:57 P.M.