Legislation

Increasing the total amount of credits against the State income tax that the Maryland Higher Education Commission may approve in a taxable year for certain individuals with certain student loan debt amounts; requiring the Commission to reserve a certain amount of the tax credits that the Commission is authorized to approve for certain graduates; extending, from 2 years to 3 years, the period of time that an individual who claims the credit has to prove that they used the credit to repay the individual's student loan debt; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber House Calendar Date 2/06/2023 Legislative Date 2/06/2023 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/07/2023 Legislative Date 2/07/2023 Action Hearing 2/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Student Loan Debt Relief Tax Credit - Alterations Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/13/2023 Legislative Date 3/13/2023 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/14/2023 Legislative Date 3/05/2023 Action Favorable with Amendments {473425/1 Adopted Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 3/14/2023 Legislative Date 3/05/2023 Action Second Reading Passed with Amendments Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Student Loan Debt Relief Tax Credit - Alterations Proceedings
Chamber House Calendar Date 3/15/2023 Legislative Date 3/06/2023 Action Third Reading Passed (125-13) Proceedings 43 Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2023 Legislative Date 3/07/2023 Action Referred Budget and Taxation Proceedings 44 Click to view Recorded Media
Chamber Senate Calendar Date 3/23/2023 Legislative Date 3/23/2023 Action Hearing 3/30 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2023 Legislative Date 4/05/2023 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/05/2023 Legislative Date 3/23/2023 Action Favorable Adopted Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2023 Legislative Date 3/23/2023 Action Second Reading Passed Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2023 Legislative Date 3/24/2023 Action Third Reading Passed (47-0) Proceedings 61 Click to view Recorded Media
Chamber House Calendar Date 4/06/2023 Legislative Date 3/27/2023 Action Returned Passed Proceedings 64 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/16/2023 Legislative Date 5/16/2023 Action Approved by the Governor - Chapter 738 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax - Student Loan Debt Relief Tax Credit - Alterations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/06/2023	2/06/2023	First Reading Ways and Means
House	2/07/2023	2/07/2023	Hearing 2/23 at 1:00 p.m.
			Text - First - Income Tax - Student Loan Debt Relief Tax Credit - Alterations
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/13/2023	3/13/2023	Favorable with Amendments Report by Ways and Means
House	3/14/2023	3/05/2023	Favorable with Amendments {473425/1 Adopted	42 Click to view Recorded Media
House	3/14/2023	3/05/2023	Second Reading Passed with Amendments	42 Click to view Recorded Media
			Text - Third - Income Tax - Student Loan Debt Relief Tax Credit - Alterations
House	3/15/2023	3/06/2023	Third Reading Passed (125-13)	43 Click to view Recorded Media
Senate	3/16/2023	3/07/2023	Referred Budget and Taxation	44 Click to view Recorded Media
Senate	3/23/2023	3/23/2023	Hearing 3/30 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/05/2023	4/05/2023	Favorable Report by Budget and Taxation
Senate	4/05/2023	3/23/2023	Favorable Adopted	60 Click to view Recorded Media
Senate	4/05/2023	3/23/2023	Second Reading Passed	60 Click to view Recorded Media
Senate	4/06/2023	3/24/2023	Third Reading Passed (47-0)	61 Click to view Recorded Media
House	4/06/2023	3/27/2023	Returned Passed	64 Click to view Recorded Media
Post Passage	5/16/2023	5/16/2023	Approved by the Governor - Chapter 738
			Text - Chapter - Income Tax - Student Loan Debt Relief Tax Credit - Alterations

File Code

Subjects

Statutes