File Code: Higher Education
- Sponsored By:
-
Delegate Franchot
- Entitled:
-
Income Tax Reform - Revenues for Higher Education Assistance
Increasing specified Educational Excellence Awards to a minimum of
$2,000 and a maximum of $8,000 per year; altering the purpose of the
Educational Excellence Fund to allow moneys to be used for the
Educational Excellence Award Program; increasing the top marginal
State income tax rate to 5.25% for individuals whose Maryland taxable
income exceeds $200,000 (single) and $250,000 (joint returns); and
requiring the Comptroller to distribute the additional income tax
revenue resulting from the Act to the Educational Excellence Fund.
House Action
- 11/3
- Pre-filed
- 1/12
- First Reading Ways and Means
- 2/14
- Withdrawn
Senate Action
- No Action
Bill indexed under the following Subjects:
- COMPTROLLER
- GRANTS
- HIGHER EDUCATION -see also- COMM COLLEGES; MED SCHOOLS; etc.
- HIGHER EDUCATION COMMISSION
- INCOME TAX
- INTEREST
- PENALTIES
- PUBLICATIONS -see also- MARYLAND REGISTER
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
- STUDENTS
- TUITION
Bill affects the following Statutes:
- Education
- (
18-301 ,
18-304 ,
18-310
)
- Tax - General
- (
2-608.2 ,
2-609 ,
10-105
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note:
Not available at this time
- Amendments:
None offered