1997 Regular Session

HOUSE BILL 1448

File Code: Income
Sponsored By:
Delegates Schade and Ports
Entitled:
Higher Education Tuition Savings Accounts

Synopsis:

Authorizing individuals to establish higher education tuition savings accounts eligible for specified tax benefits to be used for eligible higher education purposes; providing subtraction modifications under the Maryland income tax for amounts contributed to a higher education tuition savings account and for specified income of a higher education tuition savings account; providing an addition modification for specified amounts distributed from a higher education tuition savings account; etc.

Legislative History

House Action
3/3
First Reading House Rules
3/7
Re-referred Ways and Means
3/11
Hearing 3/13 at 1:00 p.m.
3/19
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Victoria L. Schade, District 31
Delegate James F. Ports, Jr., District 8
Bill indexed under the following Subjects:
EXEMPTIONS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
HIGHER EDUCATION -see also- STATE UNIVERSITIES AND COLLEGES.
INCOME TAX
INVESTMENTS
REPORTS -see also- RECORDS
TUITION
Bill affects the following Statutes:
Tax - General
( 10-205 , 10-205 , 10-207 , 10-207 , 10-208 , 10-208 , 10-224 )

Documents:

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