Legislation

Title: Income Tax - Subtraction Modification - Olympic, Paralympic, Special Olympic, and Deaflympic Games Medals and Prizes
Sponsored by: Delegates Lisanti and Carey
Status: Approved by the Governor - Chapter 501
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Providing a subtraction modification under the Maryland income tax for the value of any medals awarded by specified committees and the amount of any prize money or honoraria that is received from the United States Olympic Committee that is the result of a performance at specified international sporting events; and applying the Act to taxable years beginning after December 31, 2016.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2017

History

Legislation History
Chamber House Calendar Date 8/19/2016 Legislative Date 8/19/2016 Action Pre-filed Proceedings
Chamber House Calendar Date 1/11/2017 Legislative Date 1/11/2017 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Olympic and Paralympic Games Medals and Prizes Proceedings
Chamber House Calendar Date 1/04/2017 Legislative Date 1/04/2017 Action Hearing 1/18 at 11:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/02/2017 Legislative Date 3/02/2017 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/03/2017 Legislative Date 3/03/2017 Action Favorable with Amendments {585860/1 Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/03/2017 Legislative Date 3/03/2017 Action Motion Special Order until 3/7 (Delegate Kipke) Adopted Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/08/2017 Legislative Date 3/08/2017 Action Second Reading Passed with Amendments Proceedings 41 Click to view Recorded Media
Chamber House Calendar Date 3/08/2017 Legislative Date 3/08/2017 Action Favorable with Amendments {585860/1 Adopted Proceedings 41 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Subtraction Modification - Olympic, Paralympic, Special Olympic, and Deaflympic Games Medals and Prizes Proceedings
Chamber House Calendar Date 3/10/2017 Legislative Date 3/10/2017 Action Third Reading Passed (137-0) Proceedings 43 Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2017 Legislative Date 3/13/2017 Action Referred Budget and Taxation Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/15/2017 Legislative Date 3/15/2017 Action Hearing 3/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/10/2017 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/03/2017 Action Favorable Adopted Proceedings 63AClick to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/03/2017 Action Second Reading Passed Proceedings 63AClick to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/04/2017 Action Third Reading Passed (47-0) Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/10/2017 Legislative Date 4/05/2017 Action Returned Passed Proceedings 70 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/04/2017 Legislative Date 5/04/2017 Action Approved by the Governor - Chapter 501 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax - Subtraction Modification - Olympic, Paralympic, Special Olympic, and Deaflympic Games Medals and Prizes Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	8/19/2016	8/19/2016	Pre-filed
House	1/11/2017	1/11/2017	First Reading Ways and Means
			Text - First - Income Tax - Subtraction Modification - Olympic and Paralympic Games Medals and Prizes
House	1/04/2017	1/04/2017	Hearing 1/18 at 11:00 a.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/02/2017	3/02/2017	Favorable with Amendments Report by Ways and Means
House	3/03/2017	3/03/2017	Favorable with Amendments {585860/1	38 Click to view Recorded Media
House	3/03/2017	3/03/2017	Motion Special Order until 3/7 (Delegate Kipke) Adopted	38 Click to view Recorded Media
House	3/08/2017	3/08/2017	Second Reading Passed with Amendments	41 Click to view Recorded Media
House	3/08/2017	3/08/2017	Favorable with Amendments {585860/1 Adopted	41 Click to view Recorded Media
			Text - Third - Income Tax - Subtraction Modification - Olympic, Paralympic, Special Olympic, and Deaflympic Games Medals and Prizes
House	3/10/2017	3/10/2017	Third Reading Passed (137-0)	43 Click to view Recorded Media
Senate	3/13/2017	3/13/2017	Referred Budget and Taxation	42 Click to view Recorded Media
Senate	3/15/2017	3/15/2017	Hearing 3/22 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/10/2017	4/10/2017	Favorable Report by Budget and Taxation
Senate	4/10/2017	4/03/2017	Favorable Adopted	63AClick to view Recorded Media
Senate	4/10/2017	4/03/2017	Second Reading Passed	63AClick to view Recorded Media
Senate	4/10/2017	4/04/2017	Third Reading Passed (47-0)	64 Click to view Recorded Media
House	4/10/2017	4/05/2017	Returned Passed	70 Click to view Recorded Media
Post Passage	5/04/2017	5/04/2017	Approved by the Governor - Chapter 501
			Text - Chapter - Income Tax - Subtraction Modification - Olympic, Paralympic, Special Olympic, and Deaflympic Games Medals and Prizes

File Code

Subjects

Statutes