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Legislation


2007 Regular Session

HOUSE BILL 531

File Code: Taxes - Income
Sponsored By:
Delegates Frank, Aumann, Bartlett, Boteler, Dwyer, Eckardt, Elliott, Elmore, George, Haddaway, Jennings, J. King, Kipke, Kramer, Krebs, McComas, McConkey, Morhaim, Shank, Shewell, Smigiel, Sossi, Stocksdale, Weir, and Weldon
Entitled:
Income Tax - Tax Credit - Donations for Scholarships at Institutions of Higher Education

Synopsis:

Allowing a credit against the State income tax for 75% of the amount of a contribution made to specified institutions of higher education or specified affiliated foundations to be used for scholarships for students, subject to specified limitations; limiting to $25,000,000 the total annual credits that may be approved by the Maryland Higher Education Commission; etc.

History by Legislative and Calendar Date

House Action
2/7
First Reading Ways and Means
Hearing 2/20 at 1:00 p.m.
2/19
Hearing cancelled
2/27
Withdrawn
Senate Action
No Action

Sponsored by:

Delegate William J. Frank, District 42
Delegate Susan L. M. Aumann, District 42
Delegate Joseph R. Bartlett, District 4A
Delegate Joseph C. Boteler, III, District 8
Delegate Donald H. Dwyer, Jr., District 31
Delegate Adelaide C. Eckardt, District 37
Delegate Donald B. Elliott, District 4B
Delegate D. Page Elmore, District 38A
Delegate Ronald A. George, District 30
Delegate Jeannie Haddaway, District 37B
Delegate J. B. Jennings, District 7
Delegate James S. King, District 33A
Delegate Nicholaus R. Kipke, District 31
Delegate Benjamin F. Kramer, District 19
Delegate Susan W. Krebs, District 9B
Delegate Susan K. McComas, District 35B
Delegate Tony McConkey, District 33A
Delegate Dan K. Morhaim, District 11
Delegate Christopher B. Shank, District 2B
Delegate Tanya Shewell, District 5A
Delegate Michael D. Smigiel, Sr., District 36
Delegate Richard A. Sossi, District 36
Delegate Nancy R. Stocksdale, District 5A
Delegate Michael H. Weir, Jr., District 6
Delegate Richard B. Weldon, Jr., District 3B

Bill indexed under the following Subjects:

Comptroller
Gifts
Higher Education -see also- Comm Colleges; Med Schools; etc.
Higher Education Commission
Income Tax
Notices
Reports
Rules and Regulations
Scholarships
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General
( 10-205 , 10-205 , 10-306 , 10-306 , 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
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