|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 295
|
|
|
|
|
|
2007 Laws of Maryland
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR the purpose of allowing certain individuals to claim a credit against the State
income tax up to a certain amount for textbooks purchased for use at
institutions of higher education; providing that the credit may not exceed the
State income tax for that taxable year and that any unused credit for a taxable
year may not be carried over to any other taxable year; defining certain terms;
providing for application of this Act; and generally relating to a credit against
the State income tax credit for certain textbooks.
FOR the purpose of establishing a Task Force to Study the Cost of Textbooks for
Higher Education; providing for the composition of the Task Force: requiring
the Maryland Higher Education Commission to provide staff for the Task Force;
prohibiting a member of the Task Force from receiving compensation; providing
that a member of the Task Force is entitled to reimbursement for certain
expenses; requiring the Task Force to submit a certain report to the Governor
General Assembly on or before a certain date; providing for the termination
of this Act; and generally relating to the establishment of a Task Force to Study
the Cost of Textbooks for Higher Education.
FOR the purpose of requiring the Department of Legislative Services, with the
assistance of certain committees, to study and compile certain information
regarding certain costs associated with textbooks for higher education on or
before a certain date; and generally relating to the cost of textbooks for higher
education.
BY adding to
Article - Tax - General
Section 10-726
Annotated Code of Maryland
(2001 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - General
10-726.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.
(2) "ELIGIBLE STUDENT" MEANS AN INDIVIDUAL:
(I) WHO IS THE TAXPAYER, THE TAXPAYER'S SPOUSE, OR A
DEPENDENT OF THE TAXPAYER AS DEFINED IN § 152 OF THE INTERNAL
REVENUE CODE; AND
|
|
|
|
|
|
|
|
|
|
- 1900 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
