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)