The Honorable Casper R. Taylor, Jr.
Speaker of the House
State House
Annapolis MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 28.

This bill modifies the current subtraction modification for the individual income tax for contributions made toward a Maryland Higher Education Investment Contract. The purchaser may subtract up to $2,500 each year until the full value of the contract has been allowed as a subtraction. The bill also provides that the subtraction modification applies to each prepaid tuition contract purchased.

Senate Bill 8, which was passed by the General Assembly and signed by me on April 8, 1999, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 28.

Parris N. Glendening