Legislation

Title: Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
Sponsored by: Senator Reilly
Status: In the Senate - Hearing 2/06 at 1:00 p.m.
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:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0104

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber Senate Calendar Date 1/15/2019 Legislative Date 1/15/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation Proceedings
Chamber Senate Calendar Date 1/15/2019 Legislative Date 1/15/2019 Action Hearing 1/30 at 2:00 p.m. Proceedings
Chamber Senate Calendar Date 1/25/2019 Legislative Date 1/25/2019 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/25/2019 Legislative Date 1/25/2019 Action Hearing 2/06 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/15/2019	1/15/2019	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
Senate	1/15/2019	1/15/2019	Hearing 1/30 at 2:00 p.m.
Senate	1/25/2019	1/25/2019	Hearing canceled
Senate	1/25/2019	1/25/2019	Hearing 2/06 at 1:00 p.m.

File Code

Subjects

Statutes