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Legislation


1999 Regular Session

SENATE BILL 8

CHAPTER NUMBER: 7
EMERGENCY BILL
File Code: Income Crossfiled with: HOUSE BILL 28
Sponsored By:
Senators Miller, Hogan, Kasemeyer, Currie, DeGrange, Hoffman, Lawlah, McFadden, Middleton, Munson, Neall, Ruben, Stoltzfus, and Van Hollen
Entitled:
Maryland Higher Education Investment Program - Income Tax Subtraction Modification for Contributions

Synopsis:

Providing that the $2,500 limitation on the subtraction modification for payments made under a higher education investment contract is applicable to each higher education investment contract; allowing amounts disallowed under the subtraction modification as a result of the $2,500 limitation to be carried over and subtracted for succeeding taxable years; applying the Act to tax years beginning after December 31, 1997; etc.

History by Legislative Date

Senate Action
07/20
Pre-filed
1/13
First Reading Budget and Taxation
1/20
Hearing 2/3 at 1:30 p.m.
2/15

Favorable with Amendments Report by Budget and Taxation
2/16
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/18
Third Reading Passed (45-0)
3/19
Return Passed
4/8
Signed by the Governor Chapter 7
House Action
2/19
First Reading Ways and Means
3/3
Hearing 3/9 at 1:00 p.m.
3/15
Favorable Report by Ways and Means
3/16
Favorable Report Adopted
Second Reading Passed
3/18
Third Reading Passed (136-0)
Sponsored by:
Senator Thomas V. Mike Miller, Jr., District 27
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator Barbara A. Hoffman, District 42
Senator Patrick J. Hogan, District 39
Senator Edward J. Kasemeyer, District 12
Senator Gloria Lawlah, District 26
Senator Nathaniel J. McFadden, District 45
Senator Thomas McLain Middleton, District 28
Senator Donald F. Munson, District 2
Senator Robert R. Neall, District 33
Senator Ida G. Ruben, District 20
Senator J. Lowell Stoltzfus, District 38
Senator Christopher Van Hollen, Jr., District 18
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 Statute:
Tax - General
( 10-208 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 209822/1 (PDF)     Offered on: February 16, 1999   at: 10:53 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 18, 1999: Third Reading Passed (45-0)
House
March 18, 1999: Third Reading Passed (136-0)
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