Legislation

Establishing the Higher Education Investment Tax Credit Program to authorize tax credits against the State income tax, public service company franchise tax, and insurance premium tax equal to 50% of the donation made to specified eligible higher education institutions; requiring the donations to be used for specified purposes in priority funding areas; authorizing, each year, the Maryland Higher Education Commission to allocate up to $20,000,000 in tax credits to eligible higher education institutions; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0676

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2015

History

Legislation History
Chamber Senate Calendar Date 1/05/2015 Legislative Date 8/26/2014 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/05/2015 Legislative Date 1/14/2015 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/21/2015 Legislative Date 1/21/2015 Action Hearing 2/04 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/02/2015 Legislative Date 2/02/2015 Action Hearing cancelled Proceedings
Chamber Senate Calendar Date 2/02/2015 Legislative Date 2/02/2015 Action Hearing 2/04 at 2:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/05/2015	8/26/2014	Pre-filed
Senate	1/05/2015	1/14/2015	First Reading Budget and Taxation
Senate	1/21/2015	1/21/2015	Hearing 2/04 at 1:00 p.m.
Senate	2/02/2015	2/02/2015	Hearing cancelled
Senate	2/02/2015	2/02/2015	Hearing 2/04 at 2:00 p.m.

Documents

Date Posted	Document Name
1/07/2015	Text - First - Higher Education Investment Tax Credit Program

File Code

Subjects

Statutes