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2007 Regular Session bill information current as of October 3, 2007 - 11:20 p.m.
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HOUSE BILL 995

File Code: Taxes - Income

Sponsored By:
Delegates Walker, Healey, Lafferty, Valderrama, Vaughn, and Waldstreicher

Entitled:
Income Tax - Subtraction Modification - Donations to Public Schools

Synopsis:

Providing a subtraction modification under the Maryland income tax in an amount equal to 150% of a monetary donation made by a business entity to a public elementary or secondary school in the State; applying the Act to taxable years beginning after December 31, 2006; etc.

History by Legislative and Calendar Date Explain Legislative Date and Calendar Date

House Action
2/9
First Reading Ways and Means
2/14
Hearing 3/20 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Jay Walker, District 26
Delegate Anne Healey, District 22
Delegate Stephen W. Lafferty, District 42
Delegate Kriselda Valderrama, District 26
Delegate Michael L. Vaughn, District 24
Delegate Jeff Waldstreicher, District 18

Bill indexed under the following Subjects:

Exemptions
Gifts
Income Tax
Public Schools

Bill affects the following Statutes:

Tax - General
( 10-208 , 10-208 , 10-308 , 10-308 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered


Top Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Session Another Bill