Key Votes
SB 373 - Tax Credit for Educational Donations - Key Vote
Maryland Key Votes
Stages
- April 5, 2008 House Bill Sent To Committee
- March 26, 2008 Senate Bill Passed
- Jan. 30, 2008 Introduced
Family
- SB 373 - Tax Credit for Educational Donations
- SB 1467 - Establishes Certain Tax Exemptions for Firearms Manufacturers
Issues
Stage Details
Legislation - Bill Sent To Committee (House) - April 5, 2008
Legislation - Bill Passed (Senate) (30-17) - March 26, 2008 (Key vote)
Title: Tax Credit for Educational Donations
Highlights:
- Creates a state income tax credit for 75% of the contributions made by a business entity to an eligible educational scholarship organization or eligible innovative educational organization [Sec 10-726(B)(1)].
- Limits businesses to claiming no more than $200,000 annually in tax credits [Sec. 10-726(III)(B)(2)].
- States that any unused amount of tax credit may not be carried over to any other taxable year [Sec 10-276(H)].
Legislation - Introduced (Senate) - Jan. 30, 2008
Title: Tax Credit for Educational Donations
Sponsors
- David Ross Brinkley (MD - R)
- Ulysses Currie (MD - D)
- James E. DeGrange Sr. (MD - D)
- George W. Della Jr. (MD - D) (Out Of Office)
- Roy P. Dyson (MD - D)
- Nancy J. King (MD - D)
- Katherine Ann Klausmeier (MD - D)
- Nathaniel J. McFadden (MD - D)
- Thomas V. 'Mike' Miller Jr. (MD - D)
- Donald F. Munson (MD - R) (Out Of Office)
- Douglas J.J. Peters (MD - D)
- James N. Robey (MD - D)
- J. Lowell Stoltzfus (MD - R) (Out Of Office)
- Norman R. Stone Jr. (MD - D)
