SB0011

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Retirement Income

Sponsored by:

Senator Young

Status:

In the Senate - Unfavorable Report by Budget and Taxation


Synopsis:Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals; altering the calculation of the subtraction modification; increasing the maximum amount of the subtraction modification allowed for certain taxable years; and prohibiting an individual from qualifying for the subtraction if the total income from all qualified plans for the taxable year exceeds $100,000.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senator Young
Additional Facts:Cross-filed with: HB0405
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2018
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Disabilities -see also- Blind; Deaf; Developmental
Emergency Medical Services
Exemptions
Fire Protection
Income Tax
Law Enforcement -see also- State Police, Department of
Rescue Squads -see also- Ambulances; Emergency Medical Serv
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General
(10-209)

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April 25, 2018 4:12 P.M.