MD SB632 | 2014 | Regular Session
Status
Spectrum: Strong Partisan Bill (Democrat 10-1)
Status: Introduced on January 30 2014 - 25% progression, died in committee
Action: 2014-02-26 - Hearing 2/26 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 30 2014 - 25% progression, died in committee
Action: 2014-02-26 - Hearing 2/26 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a qualified taxpayer a credit against the State income tax for up to 50% of the qualified student loan payments made by the taxpayer during the taxable year; providing that the credit may not exceed the lesser of 20% of the average annual tuition during the taxable year at all institutions of higher education or $2,500; requiring the Comptroller to adopt specified regulations; applying the Act to taxable years beginning after December 31, 2013; etc.
Title
Income Tax Credit - Student Loan Payments
Sponsors
History
Date | Chamber | Action |
---|---|---|
2014-02-26 | Senate | Hearing 2/26 at 1:30 p.m. |
2014-02-19 | Senate | Hearing cancelled |
2014-02-26 | Senate | Hearing 2/26 at 1:00 p.m. |
2014-01-30 | Senate | First Reading Budget and Taxation |
Subjects
Comptroller
Education - Miscellaneous
Higher Education
Income Tax
Loans
Rules and Regulations
Scholarships and Student Financial Aid
Students
Tax Credits
Taxes - Income
Education - Miscellaneous
Higher Education
Income Tax
Loans
Rules and Regulations
Scholarships and Student Financial Aid
Students
Tax Credits
Taxes - Income