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MD HB1297
Bill
Status
2/12/2026
Primary Sponsor
Julie Palakovich Carr
Click for details
AI Summary
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Recapture provisions modified so only the unused portion of the Student Loan Debt Relief Tax Credit must be repaid if not applied to student loans within 3 years, rather than the total credit amount
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Maryland Higher Education Commission authorized to grant extensions for the 3-year repayment deadline when individuals faced delays due to federal SAVE plan litigation forbearance, U.S. Department of Education understaffing preventing repayment plan changes, or Public Service Loan Forgiveness Buyback Program forbearance periods
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Commission required to adopt waiver application procedures by October 1, 2026
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Effective July 1, 2026, applicable to taxable years beginning after December 31, 2025
Legislative Description
Income Tax - Student Loan Debt Relief Tax Credit - Alterations
Income Tax
Last Action
Hearing 2/26 at 1:00 p.m.
2/12/2026