MD SB761 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 3 2020 - 25% progression
Action: 2020-02-10 - Hearing 3/04 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Requiring an addition modification for certain distributions made under certain college investment accounts that are used for certain elementary and secondary education expenses; requiring certain account holders to report to the Comptroller in a certain manner whether certain distributions were used for certain education expenses; excluding from a subtraction modification certain contributions to and distributions from a certain college investment plan that is used for certain elementary and secondary education expenses; etc.

Tracking Information

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Title

Income Tax - 529 College Investment Plans - Elementary and Secondary Education Expenses

Sponsors


History

DateChamberAction
2020-02-10SenateHearing 3/04 at 1:00 p.m.
2020-02-10SenateHearing canceled
2020-02-06SenateHearing 3/04 at 2:00 p.m.
2020-02-03SenateFirst Reading Budget and Taxation

Same As/Similar To

HB1066 (Crossfiled) 2020-02-07 - Hearing 2/21 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10205(n/a)See Bill Text
Tax - General10207(n/a)See Bill Text
Tax - General10208(n/a)See Bill Text

Maryland State Sources


Bill Comments

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