Maryland legislation · 2026 Regular Session
Maryland SB805: Income Tax - Student Loan Debt Relief Tax Credit - Alterations
Status: Signed into law, May 26, 2026
Altering certain provisions of law governing the recapture of certain amounts of the credit against the State income tax for certain individuals with student loan debt to require the recapture of the unused amount of the credit rather than the total amount; authorizing the Maryland Higher Education Commission to extend the period of time that an individual who claims the credit has to prove that the individual used the credit to repay the individual's student loan debt under certain circumstances; etc.
What the bill says
An act concerning Income Tax - Student Loan Debt Relief Tax Credit - Alterations FOR the purpose of altering certain provisions of law governing the recapture of certain amounts of the credit against the State income tax for certain individuals with student loan debt to require the recapture of the unused amount of the credit rather than the total amount…
From the enrolled text, June 3, 2026:
AN ACT concerning Income Tax - Student Loan Debt Relief Tax Credit - Alterations FOR the purpose of altering certain provisions of law governing the recapture of certain amounts of the credit against the State income tax for certain individuals with student loan debt to require the recapture of the unused amount of the credit rather than the total amount; authorizing the Maryland Higher Education Commission to extend the period of time that an individual who claims the credit has to prove that the individual used the credit to repay the individual's student loan debt under certain circumstances; and generally relating to the Student Loan Debt Relief Tax Credit. BY repealing and reenacting, with amendments, Article - Tax - General Section 10-740 Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Tax - General 10-740. (a) (1) In this section the following words have the meanings indicated. (2) "Commission" means the Maryland Higher Education Commission. (3) "Qualified taxpayer" means an individual who has: (i) incurred at least $20,000 in undergraduate or graduate student loan debt or both; and (ii) has at least $5,000 in outstanding undergraduate or graduate student loan debt or both when submitting an application under …
Sponsors
- Shelly Hettleman (D, 11) · primary sponsor
Latest actions
- : Approved by the Governor - Chapter 755
- : Returned Passed
- : Third Reading Passed (128-8)
- : Favorable Adopted Second Reading Passed
- : Favorable Report by Ways and Means
- : Hearing 4/02 at 1:00 p.m.
- : Referred Ways and Means
- : Third Reading Passed (39-0)
- : Second Reading Passed
- : Favorable Adopted
Votes
- Third Reading Passed (128-8) (April 13, 2026): 128 yea, 8 nay, passed
- Third Reading Passed (39-0) (March 20, 2026): 39 yea, 0 nay, passed
Common questions
- What is SB805?
- SB805 is a bill in the Maryland Legislature (2026 Regular Session): Income Tax - Student Loan Debt Relief Tax Credit - Alterations.
- What does SB805 do?
- In its own words: An act concerning Income Tax - Student Loan Debt Relief Tax Credit - Alterations FOR the purpose of altering certain provisions of law governing the recapture of certain amounts of the credit against the State income tax for certain individuals with student loan debt to require the recapture of the unused amount of the credit rather than the total amount…
- What is the status of SB805?
- Signed into law as of May 26, 2026. Latest action: Approved by the Governor - Chapter 755 (May 26, 2026).
- Who sponsored SB805?
- Shelly Hettleman (D, 11).
- Where is the official record for SB805?
- On the Maryland Legislature website: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0805?ys=2026RS
Source: official Maryland record. Tracked by Delilah, AI for legislation across all 50 states and Congress.