Income Tax – Decoupling From Federal Changes – Education Expenses
What this bill does
Prohibiting the Governor from electing to participate in a certain tax credit program for certain elementary and secondary education scholarships; providing an addition modification under the Maryland income tax for the amount paid by an employer on behalf of an employee as a contribution to a certain account and the amount of any distribution under certain prepaid contracts or investment accounts that is not used for qualified education expenses; applying the Act to all taxable years beginning after December 31, 2025; 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.
