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MD HB1156
MD HB1156Primary and Secondary Education - Education Savings Account Program - Established
summary
Introduced
02/11/2022
02/11/2022
In Committee
02/11/2022
02/11/2022
Crossed Over
Passed
Dead
04/11/2022
04/11/2022
Introduced Session
2022 Regular Session
Bill Summary
Establishing an Education Savings Account program in the State; requiring the State Department of Education to administer the program; and allowing a subtraction modification under the Maryland income tax for deposits into an education savings account under the Education Savings Account program.
AI Summary
This bill establishes an Education Savings Account (ESA) program in Maryland. The program allows parents of eligible students to open an account with a qualified private financial management firm and receive state grants to fund the education of their child, which can be used for expenses like tuition, textbooks, and private tutoring. The bill also provides a state income tax subtraction for deposits made into an ESA. The program is administered by the State Department of Education and has various eligibility requirements and accountability measures.
Committee Categories
Budget and Finance
Sponsors (22)
William Wivell (R)*,
Lauren Arikan (R),
Joseph Boteler (R),
Jason Buckel (R),
Brian Chisholm (R),
Robin Grammer (R),
Mike Griffith (R),
Wayne Hartman (R),
Jay Jacobs (R),
Trent Kittleman (R),
Susan Krebs (R),
Nino Mangione (R),
Johnny Mautz (R),
Susan McComas (R),
Mike McKay (R),
Matt Morgan (R),
Teresa Reilly (R),
April Rose (R),
Sid Saab (R),
Haven Shoemaker (R),
Kathy Szeliga (R),
Brenda Thiam (R),
Last Action
House Appropriations Hearing (13:00 3/15/2022 ) (on 03/15/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1156?ys=2022RS |
| BillText | https://mgaleg.maryland.gov/2022RS/bills/hb/hb1156f.pdf |
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