Income Tax – Decoupling From Federal Changes – Education Expenses

Summary

The bill would bar the governor from opting into a federal tax credit for K‑12 scholarship programs. It also adds the value of employer‑paid contributions to certain education accounts to Maryland taxable income, and adds back any refunds or withdrawals from prepaid or investment college accounts that are not used for qualified education costs. Finally, it limits the state tax subtraction for contributions to those investment accounts to $2,500 per beneficiary each year, with unused amounts carried forward for up to ten years.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Ways and Means — Bill Hearing
  Ways and Means · Feb 26, 2026

History

1. Feb 5, 2026Hearing 2/26 at 1:00 p.m.
2. Feb 5, 2026First Reading Ways and Means

Sponsors

• Forbes · sponsor
• Allen
• Behler
• Boyce
• Chang
• Ebersole
• Fair
• Feldmark
• Lewis
• Moon
• Pasteur
• Ruth
• Terrasa

Bill text

Opens the legislature’s own copy.

Similar bills in other states

Loading the map of where bills like this one were filed.

Topics

Share