Legislation

Title: Income Tax - Credit for Contributions to the Maryland Excellence in Education Fund
Sponsored by: Delegates Frick, Barkley, Barve, Carr, Frush, Gutierrez, Healey, Jones, Kaiser, Lam, R. Lewis, Lierman, McComas, McIntosh, Pendergrass, and Turner
Status: In the House - Hearing 3/13 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a certain taxpayer to claim a certain credit against the State income tax for certain contributions during the taxable year to the Maryland Excellence in Education Fund; requiring a certain reduction of itemized deductions if the credit is claimed under certain circumstances; providing that any unused credit may be carried forward to succeeding taxable years, subject to certain limitations; establishing the Maryland Excellence in Education Fund; applying the Act to taxable years beginning after December 31, 2017; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 2/09/2018 Legislative Date 2/09/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Contributions to the Maryland Excellence in Education Fund Proceedings
Chamber House Calendar Date 2/12/2018 Legislative Date 2/12/2018 Action Hearing 3/07 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/06/2018 Legislative Date 3/06/2018 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/06/2018 Legislative Date 3/06/2018 Action Hearing 3/13 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/09/2018	2/09/2018	First Reading Ways and Means
			Text - First - Income Tax - Credit for Contributions to the Maryland Excellence in Education Fund
House	2/12/2018	2/12/2018	Hearing 3/07 at 1:00 p.m.
House	3/06/2018	3/06/2018	Hearing canceled
House	3/06/2018	3/06/2018	Hearing 3/13 at 1:00 p.m.

File Code

Subjects

Statutes