Legislation - SB0412

Title: Income Tax - Subtraction Modification - Maryland 529 Plan Contributions
Sponsored by: Senator Waldstreicher
Status: In the Senate - First Reading Budget and Taxation
Analysis

Synopsis

Increasing, from $2,500 to $4,850, the amount of a subtraction modification under the Maryland income tax for certain contributions made to a Maryland Senator Edward J. Kasemeyer Prepaid College Trust account, Maryland Senator Edward J. Kasemeyer College Investment Plan, or Broker-Dealer College Investment Plan for a taxable year beginning after December 31, 2025; etc.

Committees

Original:: Budget and Taxation

Details

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/20/2025 Legislative Date 1/20/2025 Action First Reading Budget and Taxation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/20/2025	1/20/2025	First Reading Budget and Taxation

File Code

Subjects

Statutes