Income Tax - Subtraction Modification - Maryland 529 Plan Contributions
Sponsor: Jeff Waldstreicher (District 18)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/05 at 2:00 p.m. (as of Dec 1, 2025)
What this bill does
Official synopsis
Increasing, from $2,500 to $4,850, the amount of a subtraction modification under the Maryland income tax for certain contributions made to a Maryland Senator Edward J. Kasemeyer Prepaid College Trust account, Maryland Senator Edward J. Kasemeyer College Investment Plan, or Broker-Dealer College Investment Plan for a taxable year beginning after December 31, 2025; etc.
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Testimony (0)
MGA witness listFAV 4FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Sadwin, Rabbi Ariel | Agudath Israel of Maryland | Written (PDF) |
| FAV | Hawkins, Giavante | MSATP | Written (PDF) |
| FAV | Fry, Sara | Individual | Position only |
| FAV | Senator Waldstreicher, Senator Waldstreicherlegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| INFO | Harris, Mrs. | Individual | Position only |