Legislation

Title: Income Tax - Subtraction Modification for Higher Education Expenses and ABLE Account Contributions - Annual Limitation
Sponsored by: Delegate Kipke
Status: In the House - Hearing 3/13 at 1:00 p.m. (Ways and Means)
Analysis: Fiscal and Policy Note

Synopsis

Increasing from $2,500 to $4,000 the maximum amount allowed as a subtraction modification under the Maryland income tax for certain payments or contributions made during a taxable year by an account holder or contributor under a Maryland Prepaid College Trust contract, a Maryland College Investment Plan, or an ABLE account; applying the Act to taxable years beginning after December 31, 2017; etc.

Committees

Original:: Ways and Means Click to view Recorded Media; Health and Government Operations

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 2/16/2018 Legislative Date 2/16/2018 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification for Higher Education Expenses and ABLE Account Contributions - Annual Limitation Proceedings
Chamber House Calendar Date 2/26/2018 Legislative Date 2/26/2018 Action Rereferred to Ways and Means and Health and Government Operations Proceedings
Chamber House Calendar Date 2/27/2018 Legislative Date 2/27/2018 Action Hearing 3/13 at 1:00 p.m. (Ways and Means) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/16/2018	2/16/2018	First Reading House Rules and Executive Nominations
			Text - First - Income Tax - Subtraction Modification for Higher Education Expenses and ABLE Account Contributions - Annual Limitation
House	2/26/2018	2/26/2018	Rereferred to Ways and Means and Health and Government Operations
House	2/27/2018	2/27/2018	Hearing 3/13 at 1:00 p.m. (Ways and Means)

File Code

Subjects

Statutes