HB0021

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Olympic and Paralympic Games Medals and Prizes

Sponsored by:

Delegate Carey

Status:

In the House - Unfavorable Report by Ways and Means; Withdrawn


Synopsis:Providing a subtraction modification under the Maryland income tax for the value of any medals awarded by the International Olympic Committee or the International Paralympic Committee and the amount of any prize money or honoraria that is received from the United States Olympic Committee that is the result of a performance at the Olympic Games or the Paralympic Games; and applying the Act to taxable years beginning after December 31, 2016.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Carey
Additional Facts:Cross-filed with: SB0053
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2017
Committee(s):
Ways and Means
Broad Subject(s):Taxes - Income
Narrow Subject(s):Awards, Medals and Prizes -see also- Gaming
Exemptions
Income Tax
Statutes:Article - Tax - General
(10-207)

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November 28, 2017 12:57 P.M.