Legislation

Title: Maryland College Investment Plan – Subtraction Modification Amounts and Eligibility and Establishment of Accounts
Sponsored by: Delegate Alston
Status: In the House - Hearing 3/02 at 1:00 p.m. (Ways and Means)
Analysis: Fiscal and Policy Note

Synopsis

Altering eligibility for and the calculation of the subtraction modification under the Maryland income tax for certain contributions to 529 investment accounts; requiring the State to establish an investment account on behalf of each ward of the State; prohibiting the inclusion of the balance in or distribution from an investment account to determine eligibility for State benefits; etc.

Committees

Original:: Ways and Means Click to view Recorded Media; Appropriations

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber House Calendar Date 2/10/2023 Legislative Date 2/10/2023 Action First Reading Ways and Means and Appropriations Proceedings
Chamber House Calendar Date 2/10/2023 Legislative Date 2/10/2023 Action Hearing 3/02 at 1:00 p.m. (Ways and Means) Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland College Investment Plan – Subtraction Modification Amounts and Eligibility and Establishment of Accounts Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/10/2023	2/10/2023	First Reading Ways and Means and Appropriations
House	2/10/2023	2/10/2023	Hearing 3/02 at 1:00 p.m. (Ways and Means)
			Text - First - Maryland College Investment Plan – Subtraction Modification Amounts and Eligibility and Establishment of Accounts

File Code

Subjects

Statutes