Passed BothConf. Cmte
- Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
- Sponsored by
- Senator Reilly
- In the Senate - Hearing 2/06 at 1:00 p.m.
- Fiscal and Policy Note
Increasing, from $2,500 to $5,000, the maximum amount allowed in a taxable year as a subtraction modification under the Maryland income tax for advance payments of certain qualified higher education expenses made by an account holder or a contributor under a Maryland Senator Edward J. Kasemeyer Prepaid College Trust contract; and applying the Act to taxable years beginning after December 31, 2018.
Bill File Type: Regular
Effective Date(s): July 1, 2019
HistoryToggle History Dropdown
File CodeToggle Filecode Dropdown
SubjectsToggle Subjects Dropdown
StatutesToggle Statutes Dropdown
( 10-208 )
Last Updated: 2/3/2020 2:32 PM