SB0318 (CH0577)

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax – Standard Deduction – Alteration and Cost–of–Living Adjustments

Sponsored by:

Senator Kasemeyer

Status:

Approved by the Governor - Chapter 577


Synopsis:Altering the determination of the amount of the standard deduction allowed for an individual under the Maryland income tax; altering the minimum and maximum limitation amounts of certain standard deductions allowed under the Maryland income tax for certain taxable years by a certain cost-of-living adjustment; applying the Act to all taxable years beginning after December 31, 2017; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Kasemeyer, Madaleno, Serafini, Currie, Bates, DeGrange, Eckardt, Ferguson, Edwards, Guzzone, Hershey, King, Hough, McFadden, Jennings, Peters, Norman, Ready, Reilly, Salling, Simonaire, and Waugh
Additional Facts:Cross-filed with: HB1190
Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Income Tax
Sunset
Statutes:Article - Tax - General
(10-217)

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May 18, 2018 3:56 P.M.