Income Tax – Decoupling From Federal Changes – Education Expenses

Summary

The measure prohibits the Maryland governor from opting into a tax‑credit program that funds elementary and secondary school scholarships. It also adjusts the state income‑tax formula by adding certain employer contributions and any non‑qualified withdrawals from prepaid or investment education accounts to Maryland adjusted gross income, while allowing limited deductions for contributions to those accounts. The changes take effect for tax years beginning after Dec. 31, 2025.

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

Topics

Share