SB0192

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Military Compensation

Sponsored by:

Senator Waugh

Status:

In the Senate - Hearing 2/03 at 2:00 p.m.


Synopsis:Altering a subtraction modification under the Maryland income tax for specified military compensation to repeal a requirement that the compensation be attributable to military service of the individual outside the United States; repealing a specified limitation on the amount of the subtraction modification; and applying the Act to taxable years beginning after December 31, 2015.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Waugh and Peters
Additional Facts:Cross-filed with: HB0691
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Armed Forces -see also- Military Department; Veterans
Exemptions
Income Tax
Salaries and Compensation -see also- Overtime; Reimb. Rates
Statutes:Article - Tax - General
(10-207)

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February 5, 2016 5:45 A.M.