File Code: Income
Prior Year Introduction As: HB 154/96 - W&M
- Sponsored By:
-
Delegates Leopold, Bozman, McKee, Finifter, Beck, Rzepkowski,
Ports, Greenip, and Cryor
- Entitled:
-
Income Tax - Subtraction Modification for Interest on Student Loans
Providing a subtraction modification under the Maryland individual
income tax for interest paid on indebtedness incurred to pay specified
costs for an individual or a dependent of an individual to attend an
institution of higher education in the State if the total tuition,
fees, room, and board exceed 25% of the individual's federal adjusted
gross income; providing an exception for qualified residence interest
if the individual itemizes deductions; and applying the Act to taxable
years after 1996.
House Action
- 8/7
- Pre-filed
- 1/8
- First Reading Ways and Means
- 1/15
- Hearing 1/23 at 1:30 p.m.
- 3/18
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate John R. Leopold, District 31
- Delegate Raymond Beck, District 39
- Delegate K. Bennett Bozman, District 38
- Delegate Jean B. Cryor, District 15
- Delegate Michael J. Finifter, District 11
- Delegate Janet Greenip, District 33
- Delegate Robert A. McKee, District 2A
- Delegate James F. Ports, Jr., District 8
- Delegate James E. Rzepkowski, District 32
- 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
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)