SENATE BILL 444

File Code: Taxes - Income Prior Year Introduction As: SB 383/02 - B&T

Sponsored By:

Senators Brinkley, Astle, Colburn, Dyson, Hafer, Haines, Harris, Hogan, Jacobs, Lawlah, Mooney, Ruben, and Stone

Entitled:

Qualified Tuition Programs - Income Tax Treatment

Synopsis:

Altering an addition modification under the Maryland income tax for distributions from qualified tuition programs under { 529 of the Internal Revenue Code; altering specified subtraction modifications under the Maryland income tax for contributions to qualified tuition programs under { 529 of the Internal Revenue Code; repealing a specified Maryland income tax subtraction modification made obsolete as a result of changes to the federal income tax treatment of qualified tuition programs; etc.

History by Legislative Date

Senate Action

2/5

First Reading Budget and Taxation

3/10

Hearing 3/25 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator David R. Brinkley, District 4

Senator John C. Astle, District 30

Senator Richard F. Colburn, District 37

Senator Roy P. Dyson, District 29

Senator John J. Hafer, District 1

Senator Larry E. Haines, District 5

Senator Andrew P. Harris, District 7

Senator Patrick J. Hogan, District 39

Senator Nancy Jacobs, District 34

Senator Gloria Lawlah, District 26

Senator Alexander X. Mooney, District 3

Senator Ida G. Ruben, District 20

Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

EXEMPTIONS

HIGHER EDUCATION -see also- COMM COLLEGES; MED SCHOOLS; etc.

INCOME TAX

INVESTMENTS -see also- SECURITIES

TUITION

Bill affects the following Statutes:

Tax - General

( 10-205 , 10-207 , 10-208 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered