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Legislation

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
Sponsored by
Delegate Malone
Status
In the House - Hearing 2/06 at 1:00 p.m. (Ways and Means)
Analysis
Fiscal and Policy Note
Synopsis
Increasing, from $2,500 to $5,000, the maximum amount allowed in a taxable year as a subtraction modification under the Maryland income tax for advance payments of certain qualified higher education expenses made by an account holder or a contributor under a Maryland Senator Edward J. Kasemeyer Prepaid College Trust contract; and applying the Act to taxable years beginning after December 31, 2018.
Details
Cross-filed with: SB0108
Introduced in a prior session as: HB1663 Session: 2018 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2019
Legislation History
Chamber
House
Calendar Date
1/18/2019
Legislative Date
1/18/2019
Action
First Reading Ways and Means and Appropriations
Proceedings
Chamber
House
Calendar Date
1/24/2019
Legislative Date
1/24/2019
Action
Hearing 2/06 at 1:00 p.m. (Ways and Means)
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
House 1/18/2019 1/18/2019 First Reading Ways and Means and Appropriations
Text - First - Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
House 1/24/2019 1/24/2019 Hearing 2/06 at 1:00 p.m. (Ways and Means)
(   10-208 )
Last Updated: 2/3/2020 2:29 PM
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