Income Tax - Student Loan Debt Relief Tax Credit - Alterations
Sponsor: Julian Ivey (District 47A)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 1/28 at 1:30 p.m. (as of Dec 1, 2021)
What this bill does
Official synopsis
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.
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Testimony (7)
MGA witness listFAV 7Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Written (PDF) |
| FAV | Elliott, Richard DeShay | Prince George's County Young Democrats | Written (PDF) |
| FAV | Faulkner, Rachael | Public Policy Partners | Written (PDF) |
| FAV | Anand, Greeshma | UMD MaryPIRG | Oral |
| FAV | Alpert, Dan | University of Maryland Student Government Association | Oral + Written (PDF) |
| FAV | Cantu, Hugo E.lobbyist | Individual | Oral + Written (PDF) |
| FAV | Delegate Ivey, Delegate Iveylegislator | Individual | Position only |