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]
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.
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]
2023-03-15 - House - Third Reading Passed (Y: 125 N: 13 NV: 1 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-05-16 | House | Approved by the Governor - Chapter 738 |
2023-04-06 | House | Returned Passed |
2023-04-06 | Senate | Third Reading Passed (47-0) |
2023-04-05 | Senate | Second Reading Passed |
2023-04-05 | Senate | Favorable Adopted |
2023-04-05 | Senate | Favorable Report by Budget and Taxation |
2023-03-23 | Senate | Hearing 3/30 at 1:00 p.m. |
2023-03-16 | Senate | Referred Budget and Taxation |
2023-03-15 | House | Third Reading Passed (125-13) |
2023-03-14 | House | Second Reading Passed with Amendments |
2023-03-14 | House | Favorable with Amendments {473425/1 Adopted |
2023-03-13 | House | Favorable with Amendments Report by Ways and Means |
2023-02-07 | House | Hearing 2/23 at 1:00 p.m. |
2023-02-06 | House | First Reading Ways and Means |
Subjects
Debt Management
Demographics
Higher Education Commission
Income Tax
Loans
Low-Income
Notices
Racial Matters
Reports
Scholarships and Student Financial Aid
State Employees
State Universities and Colleges
Tax Credits
Taxes - Income
Time
Demographics
Higher Education Commission
Income Tax
Loans
Low-Income
Notices
Racial Matters
Reports
Scholarships and Student Financial Aid
State Employees
State Universities and Colleges
Tax Credits
Taxes - Income
Time
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Education | 18 | 206 | (n/a) | See Bill Text |
Tax - General | 10 | 740 | (n/a) | See Bill Text |