MD SB108 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 15 2019 - 25% progression, died in committee
Action: 2019-01-25 - Hearing 2/06 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2019 - 25% progression, died in committee
Action: 2019-01-25 - Hearing 2/06 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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 advance payments of certain qualified higher education expenses made by an account holder or a contributor under a Maryland Senator Edward J. Kasemeyer Prepaid College Trust contract; and applying the Act to taxable years beginning after December 31, 2018.
Title
Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-25 | Senate | Hearing 2/06 at 1:00 p.m. |
| 2019-01-25 | Senate | Hearing canceled |
| 2019-01-15 | Senate | Hearing 1/30 at 2:00 p.m. |
| 2019-01-15 | Senate | First Reading Budget and Taxation |
Subjects
Contracts
Education - Miscellaneous
Exemptions
Higher Education
Income Tax
Scholarships and Student Financial Aid
Taxes - Income
Education - Miscellaneous
Exemptions
Higher Education
Income Tax
Scholarships and Student Financial Aid
Taxes - Income
