Bill
Bill > HB704
summary
Introduced
01/26/2024
01/26/2024
In Committee
01/26/2024
01/26/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Establishing the Education Savings Account program in the State administered by the State Department of Education; providing that the State shall deposit into an account of an eligible student a certain percentage of the per pupil amount of State and local funds for each education program in the resident school district for which the eligible student would be included in the enrollment count; and allowing a subtraction modification under the Maryland income tax for deposits into an education savings account.
AI Summary
This bill establishes the Education Savings Account (ESA) program in Maryland, which is administered by the State Department of Education. The program provides state grants to the account of the parent of an eligible student, which can be used for various educational expenses such as tuition at non-public schools, textbooks, private tutoring, and more. The amount deposited into the student's account is based on a percentage of the per-pupil funding for the student's resident school district. The bill also allows for a subtraction modification under the Maryland income tax for deposits made by parents into an ESA. The program is intended to provide educational options and flexibility for eligible students and their families.
Committee Categories
Budget and Finance
Sponsors (11)
William Wivell (R)*,
Jason Buckel (R),
April Fleming Miller (R),
Mike Griffith (R),
Wayne Hartman (R),
Kevin Hornberger (R),
Nino Mangione (R),
Susan McComas (R),
Matt Morgan (R),
Rachel Muñoz (R),
William Valentine (R),
Last Action
House Appropriations Hearing (13:00:00 3/6/2024 ) (on 03/06/2024)
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/HB0704?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0704f.pdf |
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