Passed BothConf. Cmte
- Income Tax - Credit for Contributions to the Maryland Excellence in Education Fund
- Sponsored by
- Delegates Frick, Barkley, Barve, Carr, Frush, Gutierrez, Healey, Jones, Kaiser, Lam, R. Lewis, Lierman, McComas, McIntosh, Pendergrass, and Turner
- In the House - Hearing 3/13 at 1:00 p.m.
- Fiscal and Policy Note
Allowing a certain taxpayer to claim a certain credit against the State income tax for certain contributions during the taxable year to the Maryland Excellence in Education Fund; requiring a certain reduction of itemized deductions if the credit is claimed under certain circumstances; providing that any unused credit may be carried forward to succeeding taxable years, subject to certain limitations; establishing the Maryland Excellence in Education Fund; applying the Act to taxable years beginning after December 31, 2017; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2018
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( 10-218, 10-746 )
Last Updated: 2/3/2020 2:33 PM