MD HB680 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 34-0)
Status: Passed on May 16 2023 - 100% progression
Action: 2023-05-16 - Approved by the Governor - Chapter 738
Text: Latest bill text (Chaptered) [PDF]

Summary

Increasing the total amount of credits against the State income tax that the Maryland Higher Education Commission may approve in a taxable year for certain individuals with certain student loan debt amounts; requiring the Commission to reserve a certain amount of the tax credits that the Commission is authorized to approve for certain graduates; extending, from 2 years to 3 years, the period of time that an individual who claims the credit has to prove that they used the credit to repay the individual's student loan debt; etc.

Tracking Information

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Title

Income Tax - Student Loan Debt Relief Tax Credit - Alterations

Sponsors


Roll Calls

2023-04-06 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-15 - House - Third Reading Passed (Y: 125 N: 13 NV: 1 Abs: 1) [PASS]

History

DateChamberAction
2023-05-16HouseApproved by the Governor - Chapter 738
2023-04-06HouseReturned Passed
2023-04-06SenateThird Reading Passed (47-0)
2023-04-05SenateSecond Reading Passed
2023-04-05SenateFavorable Adopted
2023-04-05SenateFavorable Report by Budget and Taxation
2023-03-23SenateHearing 3/30 at 1:00 p.m.
2023-03-16SenateReferred Budget and Taxation
2023-03-15HouseThird Reading Passed (125-13)
2023-03-14HouseSecond Reading Passed with Amendments
2023-03-14HouseFavorable with Amendments {473425/1 Adopted
2023-03-13HouseFavorable with Amendments Report by Ways and Means
2023-02-07HouseHearing 2/23 at 1:00 p.m.
2023-02-06HouseFirst Reading Ways and Means

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Education18206(n/a)See Bill Text
Tax - General10740(n/a)See Bill Text

Maryland State Sources


Bill Comments

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