1996 Regular Session

HOUSE BILL 154

File Code: Taxes - Income
Sponsored By:
Delegate Leopold
Entitled:
Income Tax - Subtraction Modification for Interest on Student Loans

Synopsis:

Providing a subtraction modification under the Maryland individual income tax for interest paid on indebtedness incurred to pay tuition, fees, room, and board for an individual or a dependent of an individual to attend an institution of higher education; providing that the subtraction does not include interest that is qualified residence interest under the Internal Revenue Code if the individual itemizes deductions; and applying the Act to tax years after 1995.

Legislative History

House Action
1/17
First Reading Ways and Means
1/31
Hearing 2/8 at 11:00 a.m.
3/14
Unfavorable Report by Ways and Means
Senate Action
No Action
Bill indexed under the following Subjects:
EXEMPTIONS
HIGHER EDUCATION -see also- STATE UNIVERSITIES AND COLLEGES.
INCOME TAX
INTEREST
LOANS
STUDENTS
TUITION
Bill affects the following Statutes:
Tax - General
( 10-208 , 10-208 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available