Income Tax - Student Loan Debt Relief Tax Credit - Alterations
Referred Rules (Senate)
Summary
The bill revises the Student Loan Debt Relief Tax Credit so that taxpayers who do not use the full credit on loan repayment are required to repay only the unused portion, not the entire credit. It also authorizes the Maryland Higher Education Commission to grant extensions for borrowers who cannot prove credit use because of specific forbearance or program delays. The changes aim to make the credit more flexible while protecting state revenue.
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Ask about HB 1297
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Feb 26, 2026
History
- Third Reading Passed
- Referred Rules
- Favorable Report by Ways and Means
- Favorable Adopted Second Reading Passed
- Hearing 2/26 at 1:00 p.m.
- First Reading Ways and Means
Sponsors
- Palakovich Carr · sponsor
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