HOUSE BILL 532

Sponsored By:

Delegates Cardin, Boteler, Bromwell, DeBoy, Donoghue, Glass, Jameson, McComas, McDonough, Minnick, Morhaim, Oaks, Reznik, Stein, and Weir

Entitled:

Income Tax Exemption - Military Health Care Pensions - Health Care Workforce Shortage

Synopsis:

Providing a subtraction modification under the State income tax for 50% of military retirement income of an individual whose federal adjusted gross income does not exceed $65,000 and who commits to living and working in the State in a health care field identified as having a health care workforce shortage; applying the Act to taxable years beginning after December 31, 2012; etc.

History by Legislative and Calendar Date

House Action

2/3

First Reading Ways and Means

2/8

Hearing 2/21 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Jon S. Cardin, District 11

Delegate Joseph C. Boteler, III, District 8

Delegate Eric M. Bromwell, District 8

Delegate Steven J. DeBoy, Sr., District 12A

Delegate John P. Donoghue, District 2C

Delegate Glen Glass, District 34A

Delegate Sally Jameson, District 28

Delegate Susan K. McComas, District 35B

Delegate Pat McDonough, District 7

Delegate Joseph J. Minnick, District 6

Delegate Dan K. Morhaim, District 11

Delegate Nathaniel T. Oaks, District 41

Delegate Kirill Reznik, District 39

Delegate Dana Stein, District 11

Delegate Michael H. Weir, Jr., District 6

Bill indexed under the following Subjects:

Armed Forces -see also- Militia; Veterans

Comptroller

Exemptions

Health Occupations -see also- specific health occupations

Income Tax

Militia

Retirement Systems -see also- Mandatory Retirement

Rules and Regulations

Veterans

Work, Labor and Employment -see also- Col Barg; Holiday; etc

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered