Legislation

Title: Income Tax – Subtraction Modification for Qualified Higher Education Expenses – Annual Limitation
Sponsored by: Delegate Malone
Status: In the House - Hearing 1/21 at 1:30 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 certain payments or contributions made by an account holder or a contributor under a Maryland Prepaid College Trust contract, the Maryland Senator Edward J. Kasemeyer College Investment Plan, and the Maryland Broker-Dealer College Investment Plan; and applying the Act to taxable years beginning after December 31, 2020.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2021

History

Legislation History
Chamber House Calendar Date 10/28/2020 Legislative Date 10/28/2020 Action Pre-filed Proceedings
Chamber House Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/21 at 1:00 p.m. Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing canceled Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/21 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Subtraction Modification for Qualified Higher Education Expenses – Annual Limitation Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	10/28/2020	10/28/2020	Pre-filed
House	1/13/2021	1/13/2021	First Reading Ways and Means
House	12/22/2020	12/22/2020	Hearing 1/21 at 1:00 p.m.
House	12/22/2020	12/22/2020	Hearing canceled
House	12/22/2020	12/22/2020	Hearing 1/21 at 1:30 p.m.
			Text - First - Income Tax – Subtraction Modification for Qualified Higher Education Expenses – Annual Limitation

File Code

Subjects

Statutes