SB0613 (CH0506)

2013 Regular Session



Income Tax - Electronic Filing - Designation to Purchase Federal Savings Bonds

Sponsored by:

Senator Klausmeier


Approved by the Governor - Chapter 506

Synopsis:Allowing an individual who files an income tax return electronically to elect to use all or a portion of the individual's income tax refund to purchase U.S. Series I Savings Bonds; specifying that the individual must make the designation in $50 increments; requiring the Comptroller to send any remaining portion of the individual's refund to the individual; requiring the Comptroller to adopt specified regulations; and applying the Act to taxable years beginning after December 31, 2014.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Klausmeier
Additional Facts:Cross-filed with: HB0644
Bill File Type: Regular
Effective Date(s): July 1, 2013
Budget and Taxation  Listen to Committee HearingWays and Means
Broad Subject(s):Taxes - Income
Narrow Subject(s):Bonds -see also- County & Baltimore City Bonds; State Bonds
Electronic Government
Income Tax
Rules and Regulations
Statutes:Article - Tax - General

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:09 P.M.