SB0374 (CH0197)

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax Subtraction Modification - College Savings Plans - Contributions

Sponsored by:

Senator Serafini

Status:

Approved by the Governor - Chapter 197


Synopsis:Providing a subtraction modification under the Maryland income tax for contributions made by specified individuals to specified college savings accounts subject to specified limitations; defining specified terms; and applying the Act to all taxable years beginning after December 31, 2015.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Serafini, Currie, DeGrange, Eckardt, Edwards, Ferguson, Guzzone, Kasemeyer, King, Madaleno, Manno, McFadden, and Peters
Additional Facts:Cross-filed with: HB0335
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
Education - Miscellaneous
Narrow Subject(s):Estates and Trusts
Exemptions
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Statutes:Article - Tax - General
(10-208)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 5:08 P.M.