SENATE BILL 715

Sponsored By:

Senators DeGrange, Brinkley, Della, Dyson, Klausmeier, McFadden, Munson, Peters, Stoltzfus, and Stone

Entitled:

Building Opportunities for All Students and Teachers (BOAST) in Maryland Tax Credit

Synopsis:

Providing a tax credit against the State income tax for contributions made to an eligible educational scholarship organization or an eligible innovative educational organization; requiring the State Department of Education to administer the tax credit; requiring specified entities to submit an application to be an eligible organization by January 1 of each year; establishing the Building Opportunities for All Students and Teachers Reserve Fund; etc.

History by Legislative and Calendar Date

Senate Action

2/6

First Reading Budget and Taxation

2/25

Hearing 3/11 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator James E. DeGrange, Sr., District 32

Senator David R. Brinkley, District 4

Senator George W. Della, Jr., District 46

Senator Roy P. Dyson, District 29

Senator Katherine Klausmeier, District 8

Senator Nathaniel J. McFadden, District 45

Senator Donald F. Munson, District 2

Senator Douglas J. J. Peters, District 23

Senator J. Lowell Stoltzfus, District 38

Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Appropriations

Education, Department of

Education -see also- Driver Ed; Higher Ed; Special Ed; etc

Gifts

Grants

Income Tax

Nonprofit Organizations

Notices

Private Schools

Publications -see also- Maryland Register

Public Schools

Reports

Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.

Rules and Regulations

Scholarships

Tax Credits -see also- Circuit Breaker

Teachers

Tuition

Bill affects the following Statutes:

Tax - General

( 10-205 , 10-205 , 10-306 , 10-306 , 10-728 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered