Maryland 529 Program – Board Authority and State Contribution – Alterations
Sponsor: Senator ElfrethCommittee: Budget and TaxationSubject: Education - MiscellaneousStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 436 (as of Dec 1, 2021)
What this bill does
Official synopsis
Authorizing the Maryland 529 Board to distribute certain fees in a certain manner; requiring an account holder of the Maryland Senator Edward J. Kasemeyer College Investment Plan to be a State resident and file taxes before July 15 each year to qualify for a State contribution; requiring a qualified beneficiary to be under the age of 26 years to receive a State contribution; prohibiting an account holder from qualifying for more than $9,000 of State contributions through a certain time period; etc.
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Testimony (8)
MGA witness listFAV 7FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Moore, Tonaeyalobbyist | CASH CAMPAIGN OF MARYLAND | Oral + Written (PDF) |
| FAV | Franchot, Comptroller | Comptroller of Maryland | Written (PDF) |
| FAV | Schumitz, Kalilobbyist | Maryland Center on Economic Policy | Written (PDF) |
| FAV | Zwerling, Samanthalobbyist | Maryland State Education Association | Written (PDF) |
| FAV | Elfreth, Sarah | Individual | Written (PDF) |
| FAV | Kopp, Treasurer Nancy | Individual | Oral |
| FAV | Senator Elfreth, Senator Elfrethlegislator | Individual | Oral |
| INFO | Layton, Erin | Maryland 529 | Oral |
Organizations on record
Registered lobbyists who testified
FAVSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy
FAVZwerling, SamanthaMaryland State Education AssociationRegistered for: Maryland State Education Association