Legislation

Establishing the Higher Education Investment Tax Credit Program to authorize tax credits against the State income tax, public service company franchise tax, and insurance premium tax equal to 50% of the donation made to specified eligible higher education institutions; requiring the donations to be used for specified purposes in priority funding areas; authorizing, each year, the Maryland Higher Education Commission to allocate up to $20,000,000 in tax credits to eligible higher education institutions; etc.

Committees

Original:: Ways and Means

Details

Cross-filed with: SB0002

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber House Calendar Date 2/11/2015 Legislative Date 2/12/2015 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/13/2015 Legislative Date 2/13/2015 Action Hearing 2/24 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/24/2015 Legislative Date 2/24/2015 Action Hearing cancelled Proceedings
Chamber House Calendar Date 3/06/2015 Legislative Date 3/09/2015 Action Unfavorable Report by Ways and Means; Withdrawn Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/11/2015	2/12/2015	First Reading Ways and Means
House	2/13/2015	2/13/2015	Hearing 2/24 at 1:00 p.m.
House	2/24/2015	2/24/2015	Hearing cancelled
House	3/06/2015	3/09/2015	Unfavorable Report by Ways and Means; Withdrawn

Documents

Date Posted	Document Name
2/12/2015	Text - First - Higher Education Investment Tax Credit Program
3/06/2015	Vote - House - Committee - Ways and Means

File Code

Subjects

Statutes