Legislation

Allowing a qualified taxpayer a credit against the State income tax for up to 50% of the qualified student loan payments made by the taxpayer during the taxable year; providing that the credit may not exceed the lesser of 20% of the average annual tuition during the taxable year at all institutions of higher education or $2,500; requiring the Comptroller to adopt specified regulations; defining specified terms; applying the Act to taxable years beginning after December 31, 2013; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0632

Bill File Type: Regular

Effective Date(s): July 1, 2014

History

Legislation History
Chamber House Calendar Date 2/04/2014 Legislative Date 2/05/2014 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/06/2014 Legislative Date 2/06/2014 Action Hearing 2/25 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/04/2014	2/05/2014	First Reading Ways and Means
House	2/06/2014	2/06/2014	Hearing 2/25 at 1:00 p.m.

Documents

Date Posted	Document Name
2/05/2014	Text - First - Income Tax Credit - Student Loan Payments

File Code

Subjects

Statutes