Legislation

Title: Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
Sponsored by: Delegate Malone
Status: In the House - Hearing 2/06 at 1:00 p.m. (Ways and Means)
Analysis: Fiscal and Policy Note

Synopsis

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.

Committees

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

Details

Cross-filed with: SB0108

Introduced in a prior session as: HB1663 Session: 2018 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber House Calendar Date 1/18/2019 Legislative Date 1/18/2019 Action First Reading Ways and Means and Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation Proceedings
Chamber House Calendar Date 1/24/2019 Legislative Date 1/24/2019 Action Hearing 2/06 at 1:00 p.m. (Ways and Means) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/18/2019	1/18/2019	First Reading Ways and Means and Appropriations
			Text - First - Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
House	1/24/2019	1/24/2019	Hearing 2/06 at 1:00 p.m. (Ways and Means)

File Code

Subjects

Statutes