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Legislation


1999 Regular Session

HOUSE BILL 557

File Code: Income
Sponsored By:
Delegates Klausmeier, Minnick, Finifter, K. Kelly, Ports, Hammen, DeCarlo, and Redmer
Entitled:
Maryland Income Tax - Military Retirement Income

Synopsis:

Increasing from $2,500 to $5,000 the maximum amount allowed under the income tax subtraction modification for military retirement income received by specified individuals; increasing from $17,500 to $32,000 the level of federal adjusted gross income above which the maximum subtraction is reduced; applying the Act to tax years after 1998; etc.

History by Legislative Date

House Action
2/11
First Reading Ways and Means
2/24
Hearing 3/11 at 1:00 p.m.
3/22
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Katherine Klausmeier, District 8
Delegate Diane DeCarlo, District 6
Delegate Michael J. Finifter, District 11
Delegate Peter A. Hammen, District 46
Delegate Kevin Kelly, District 1B
Delegate Joseph J. Minnick, District 7
Delegate James F. Ports, Jr., District 8
Delegate Alfred W. Redmer, Jr., District 8
Bill indexed under the following Subjects:
ARMED FORCES -see also- MILITIA
ELDERLY PERSONS
EXEMPTIONS
INCOME TAX
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
Bill affects the following Statute:
Tax - General
( 10-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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