state_legiscan_drain · MD
Income Tax - Student Loan Debt Relief Tax Credit - Alterations
February 6, 2026
Summary
If enacted, this bill would alter the recapture rules for the Maryland student loan debt relief tax credit, changing from recapturing the total amount to only the unused portion. It would also allow the Maryland Higher Education Commission to extend the period for individuals to prove they used the credit for loan repayment. This affects Maryland resident student loan borrowers who claim the credit.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0805?ys=2026RS
Common questions
- What does "Income Tax - Student Loan Debt Relief Tax Credit - Alterations" cover?
- If enacted, this bill would alter the recapture rules for the Maryland student loan debt relief tax credit, changing from recapturing the total amount to…
- When was it published?
- It was published on February 6, 2026.