SENATE BILL 258

File Code: Taxes - Income Prior Year Introduction As: HB 26/05 - W&M Crossfiled with: HOUSE BILL 744

Sponsored By:

Senators Brochin, Garagiola, Klausmeier, and Pipkin

Entitled:

Income Tax - Credit for Classroom Supplies Purchased by Teachers

Synopsis:

Authorizing specified elementary or secondary school teachers to claim a credit against the State income tax for specified classroom supplies purchased; providing that the credit may not exceed $300; prohibiting the unused amount of the credit from being carried over to any other taxable year; requiring a claimant to keep records for 3 years; requiring an addition modification to determine Maryland adjusted gross income if the credit is claimed; etc.

History by Legislative Date

Senate Action

1/25

First Reading Budget and Taxation

3/8

Hearing 3/21 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator Jim Brochin, District 42

Senator Rob Garagiola, District 15

Senator Katherine Klausmeier, District 8

Senator E. J. Pipkin, District 36

Bill indexed under the following Subjects:

EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT

INCOME TAX

RECORDS -see also- LAND RECORDS; VITAL RECORDS

TAX CREDITS -see also- CIRCUIT BREAKER

TEACHERS

Bill affects the following Statutes:

Tax - General

( 10-205 , 10-205 , 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered