MD SB650 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on February 1 2018 - 25% progression, died in committee
Action: 2018-02-28 - Hearing 2/28 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 1 2018 - 25% progression, died in committee
Action: 2018-02-28 - Hearing 2/28 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing, from $2,500 to $5,000, the amount of a subtraction modification under the Maryland income tax for contributions made by certain individuals whose federal adjusted gross income does not exceed $225,000 or, in the case of a single individual or a married individual filing a separate return, $150,000 to certain college savings plan accounts; applying the Act to taxable years beginning after December 31, 2017; etc.
Title
Income Tax Subtraction Modification - College Savings Plan Accounts - Contributions (College Savings Tax Enhancement Act)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-28 | Senate | Hearing 2/28 at 1:00 p.m. |
| 2018-02-01 | Senate | First Reading Budget and Taxation |
