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PARRIS N. GLENDENING, Governor
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S.B. 140
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contributions to an account under the Plan, subject to a certain limitation;
allowing certain amounts disallowed under the subtraction modification as a
result of a certain limitation to be carried over and subtracted for succeeding
taxable years; providing requiring an addition modification for certain
distributions made under the Plan, subject to a certain limitation certain
prepaid contracts and investment accounts; requiring an addition modification
for certain refunds under certain prepaid contracts and investment accounts;
allowing a subtraction modification for certain distributions under certain
prepaid contracts and investment accounts; providing for the construction and
application of this Act; defining certain terms; and generally relating to the
Maryland Higher Education Investment Board, the Maryland Prepaid College
Trust, and the Maryland College Investment Plan.
BY repealing and reenacting, with amendments,
Article - Education
Section 18-1901, 18-1903 through 18-1907, 18-1909 through 18-1911, and
18-1913 through 18-1916 to be under the amended subtitle "Subtitle 19:
Maryland Prepaid College Trust"
Annotated Code of Maryland
(1999 Replacement Volume)
BY adding to
Article - Education
Section 18-1906.1; and 18-19A-01 through 18-19A-07 to be under the new
subtitle "Subtitle 19A. Maryland College Investment Plan"
Annotated Code of Maryland
(1999 Replacement Volume)
BY repealing and reenacting, without amendments,
Article — Tax - General
Section 10-205(a), 10-207(a), and 10-208(a)
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
Article - Tax - General
Section 10-205(h), 10-207(s), and 10-208(n)
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
BY adding to
Article - Tax - General
Section 10-205(i) and 10-208(o)
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
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- 3613 -
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