Income Tax - Student Loan Debt Relief Tax Credit - Alterations
What this bill does
Increasing the total amount of credits against the State income tax that the Maryland Higher Education Commission may approve in a taxable year for certain individuals with certain student loan debt amounts; requiring the Commission to reserve a certain amount of the tax credits that the Commission is authorized to approve for certain graduates; extending, from 2 years to 3 years, the period of time that an individual who claims the credit has to prove that they used the credit to repay the individual's student loan debt; 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 (12)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Coley, Derrick | Bowie State Univeristy | Written (PDF) |
| FAV | Agarin, Ufuoma | Legislative Black Caucus of Maryland | Written (PDF) |
| FAV | Jabin, Drew | Maryland Bankers Association | Written (PDF) |
| FAV | Enten, Robert | Md Bankers Assoc | Oral |
| FAV | Enten, Robert | Md Bankers Assoc | Oral |
| FAV | Coleman, Ryan | President, Randallstown NAACP | Position only |
| FAV | Coleman, Ryan | President, Randallstown NAACP | Position only |
| FAV | Williams, Falecia D. | Prince George's Community College | Written (PDF) |
| FAV | County Government, Prince George's | Individual | Written (PDF) |
| FAV | Delegate Toles, Delegate Toleslegislator | Individual | Oral |
| FAV | Delegate Toles, Delegate Toleslegislator | Individual | Oral |
| FAV | Toles, Delegate | Individual | Written (PDF) |