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Legislation


1998 Regular Session

HOUSE BILL 126

File Code: Income
Sponsored By:
Delegates Leopold, Heller, Cadden, and Mossburg
Entitled:
Maryland Higher Education Investment Program - Income Tax Subtraction Modification

Synopsis:

Providing a subtraction modification under the Maryland income tax for amounts included in federal adjusted gross income as a result of a benefit furnished to a qualified beneficiary pursuant to a higher education investment contract under the Maryland Higher Education Investment Program; and providing that the subtraction does not apply to refunds issued under the Program.

History by Legislative Date

House Action
1/16
First Reading Ways and Means
1/21
Hearing 2/5 at 11:00 a.m.
2/23
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate John R. Leopold, District 31
Delegate Joan Cadden, District 31
Delegate Henry B. Heller, District 19
Delegate Mathew Mossburg, District 39
Bill indexed under the following Subjects:
EXEMPTIONS
HIGHER EDUCATION -see also- STATE UNIVERSITIES AND COLLEGES.
INCOME TAX
INVESTMENTS -see also- SECURITIES
TUITION
Bill affects the following Statutes:
Tax - General
( 10-207 , 10-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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