Maryland Senate Bill 2 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 14 2015 - 25% progression, died in committee
Action: 2015-02-04 - Hearing 2/04 at 2:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Establishing the Higher Education Investment Tax Credit Program to authorize tax credits against the State income tax, public service company franchise tax, and insurance premium tax equal to 50% of the donation made to specified eligible higher education institutions; requiring the donations to be used for specified purposes in priority funding areas; authorizing, each year, the Maryland Higher Education Commission to allocate up to $20,000,000 in tax credits to eligible higher education institutions; etc.

Higher Education Investment Tax Credit Program

Sen. Nathaniel McFadden [D]

Date	Chamber	Action
2015-02-04	Senate	Hearing 2/04 at 2:00 p.m.
2015-02-02	Senate	Hearing cancelled
2015-02-04	Senate	Hearing 2/04 at 1:00 p.m.
2015-01-14	Senate	First Reading Budget and Taxation
2014-08-26	Senate	Pre-filed

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0002?ys=2015rs
Text	https://mgaleg.maryland.gov/2015RS/bills/sb/sb0002f.pdf
Supplement	https://mgaleg.maryland.gov/2015RS/fnotes/bil_0002/sb0002.pdf