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2018 Regular Session



Retire in Maryland Act of 2018

Sponsored by:

Delegate Fisher


In the House - Hearing 2/21 at 1:00 p.m.

Synopsis:Including income from certain retirement plans and unearned income sources within a subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years old or who are disabled or whose spouse is disabled; repealing the limitation on the maximum amount allowed as a subtraction modification under the State income tax for certain retirement income; applying the Act to taxable years after December 31, 2017; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Fisher, Arentz, Buckel, Cassilly, Clark, Folden, Glass, Hornberger, S. Howard, Jacobs, Kipke, Kittleman, Krebs, Malone, McComas, McKay, Miele, W. Miller, Morgan, Otto, Reilly, Rose, Saab, Shoemaker, Szeliga, Vogt, and West
Additional Facts:Introduced in a prior session as: HB1444 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2018
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Disabilities -see also- Blind; Deaf; Developmental
Elderly Persons -see also- Vulnerable Adults
Income Tax
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General

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February 22, 2018 3:44 P.M.