Increasing from $5,000 to $100,000 the amount of the Student Loan Debt Relief Tax Credit that certain individuals with a certain amount of student loan debt may claim against the State income tax; increasing from $9,000,000 to $100,000,000 the total amount of tax credits that the Maryland Higher Education Commission may approve in a taxable year; and applying the Act to taxable years beginning after December 31, 2020.
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2021
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Last Updated: 4/1/2021 4:24 PM