Income Tax - 529 College Investment Plans - Elementary and Secondary Education Expenses
What this bill does
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.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (6)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Orr, Be1 | Maryland Center on Economic Policy | Written (PDF) |
| FAV | Senator Lam, Senator Lamlegislator | Individual | Oral + Written (PDF) |
| FAV | Zwerling, Samanthalobbyist | Individual | Oral + Written (PDF) |
| UNF | Sadwin, Ariellobbyist | Maryland CAPE | Written (PDF) |
| UNF | O'Day, Garrettlobbyist | Maryland Catholic Conference | Written (PDF) |
| INFO | Gorman, Debbie | Individual | Oral |