Find a 2014 Bill:

2014 Regular Session



Income Tax Credit - Student Loan Payments

Sponsored by:

Senator Madaleno


In the Senate - Hearing 2/26 at 1:30 p.m.

Synopsis:Allowing a qualified taxpayer a credit against the State income tax for up to 50% of the qualified student loan payments made by the taxpayer during the taxable year; providing that the credit may not exceed the lesser of 20% of the average annual tuition during the taxable year at all institutions of higher education or $2,500; requiring the Comptroller to adopt specified regulations; applying the Act to taxable years beginning after December 31, 2013; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Madaleno, Colburn, Feldman, Jones-Rodwell, King, Klausmeier, Mathias, Montgomery, Muse, Ramirez, and Raskin
Additional Facts:Cross-filed with: HB0885
Bill File Type: Regular
Effective Date(s): July 1, 2014
Budget and Taxation   View Committee Hearing
Broad Subject(s):Taxes - Income
Education - Miscellaneous
Narrow Subject(s):Comptroller
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Loans -see also- Mortgages
Rules and Regulations
Scholarships and Student Financial Aid
Tax Credits -see also- Circuit Breaker

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Explanation of Floor Motions and Actions

October 24, 2017 1:56 P.M.