MD HB885 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 5 2014 - 25% progression, died in committee
Action: 2014-02-25 - Hearing 2/25 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2014 - 25% progression, died in committee
Action: 2014-02-25 - Hearing 2/25 at 1:00 p.m.
Pending: House Ways and Means 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; defining specified terms; applying the Act to taxable years beginning after December 31, 2013; etc.
Title
Income Tax Credit - Student Loan Payments
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-25 | House | Hearing 2/25 at 1:00 p.m. |
| 2014-02-05 | House | First Reading Ways and Means |
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
