MD HB1663 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 9 2018 - 25% progression, died in chamber
Action: 2018-03-09 - Hearing 3/09 at 1:00 p.m. (Ways and Means)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2018 - 25% progression, died in chamber
Action: 2018-03-09 - Hearing 3/09 at 1:00 p.m. (Ways and Means)
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 Prepaid College Trust contract; and applying the Act to taxable years beginning after December 31, 2017.
Title
Income Tax - Subtraction Modification for Qualified Higher Education Expenses - Annual Limitation
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-03-09 | House | Hearing 3/09 at 1:00 p.m. (Ways and Means) |
2018-02-09 | House | First Reading Ways and Means and Appropriations |