HOUSE BILL 654

File Code: Income

Sponsored By:

Delegate Beck

Entitled:

Income Tax - Elderly Taxpayers

Synopsis:

Providing a subtraction modification under the Maryland income tax for the first $50,000 of Maryland adjusted gross income of an individual if the individual, of either spouse in the case of a married couple filing a joint income tax return, is at least 80 years old on the last day of the taxable year and has paid Maryland income taxes for each of 5 consecutive taxable years immediately preceding the taxable year; and applying the Act to taxable years after 1996.

Legislative History

House Action

1/30

First Reading Ways and Means

2/12

Hearing 2/25 at 1:00 p.m.

2/13

Hearing cancelled

2/19

Hearing 3/4 at 1:00 p.m.

3/10

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

ELDERLY PERSONS

EXEMPTIONS

INCOME TAX

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)