MD HB1106 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 10 2023 - 25% progression, died in committee
Action: 2023-02-10 - Hearing 3/02 at 1:00 p.m. (Ways and Means)
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 10 2023 - 25% progression, died in committee
Action: 2023-02-10 - Hearing 3/02 at 1:00 p.m. (Ways and Means)
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering eligibility for and the calculation of the subtraction modification under the Maryland income tax for certain contributions to 529 investment accounts; requiring the State to establish an investment account on behalf of each ward of the State; prohibiting the inclusion of the balance in or distribution from an investment account to determine eligibility for State benefits; etc.
Title
Maryland College Investment Plan – Subtraction Modification Amounts and Eligibility and Establishment of Accounts
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-10 | House | Hearing 3/02 at 1:00 p.m. (Ways and Means) |
| 2023-02-10 | House | First Reading Ways and Means and Appropriations |
Subjects
Consumer Price Index
Education - Miscellaneous
Exemptions
Higher Education
Income Tax
Investments
Juvenile Causes
Revenue and Taxes
Rules and Regulations
Social Services
Taxes - Income
Workers' Compensation
Education - Miscellaneous
Exemptions
Higher Education
Income Tax
Investments
Juvenile Causes
Revenue and Taxes
Rules and Regulations
Social Services
Taxes - Income
Workers' Compensation
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Education | 18 | 19A-03 | (n/a) | See Bill Text |
| Education | 18 | 19A-04.2 | (n/a) | See Bill Text |
| Education | 18 | 19A-08 | (n/a) | See Bill Text |
| Tax - General | 10 | 208 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1106?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/hb/hb1106f.pdf |
