Maryland House Bill 1033 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on February 8 2017 - 25% progression, died in committee
Action: 2017-03-08 - Hearing 3/08 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Allowing a subtraction modification under the Maryland income tax for specified income of specified individuals resulting from the discharge of student loan debt; providing that the amount of the subtraction modification may not exceed $50,000 for an individual or $100,000 for a married couple filing jointly; requiring an individual to submit specified documentation to qualify for the subtraction modification; prohibiting an individual from claiming the subtraction modification under specified circumstances; etc.

Income Tax - Subtraction Modification - Discharged Student Loan Debt

Del. Bob Flanagan [R]	Sen. Mary Carozza [R]	Del. Michael Malone [R]	Del. Susan McComas [R]
Del. Warren Miller [R]	Del. April Rose [R]

Date	Chamber	Action
2017-03-08	House	Hearing 3/08 at 1:00 p.m.
2017-02-08	House	First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1033?ys=2017rs
Text	https://mgaleg.maryland.gov/2017RS/bills/hb/hb1033f.pdf
Supplement	https://mgaleg.maryland.gov/2017RS/fnotes/bil_0003/hb1033.pdf