2002 Regular Session

HOUSE BILL 1082

File Code: Taxes - Income
Sponsored By:
Delegates Hixson, Taylor, Healey, Howard, C. Davis, Bozman, and Shriver
Entitled:
Income Tax - Retirement Income and Charitable Contributions

Synopsis:

Altering the computation of a subtraction modification allowed under the Maryland income tax for specified retirement income; providing a credit against the State income tax for unrestricted charitable contributions made to a community foundation's endowment; allowing the credit only if the individual's qualified capital gain for the taxable year for which the credit is received is at least $10,000,000; providing for a reduction of itemized deductions if the credit is claimed; etc.

History by Legislative Date

House Action
2/8
First Reading Ways and Means
2/20
Hearing 3/14 at 1:00 p.m.
3/21
Withdrawn
Senate Action
No Action
Sponsored by:
Delegate Sheila E. Hixson, District 20
Delegate K. Bennett Bozman, District 38
Delegate Clarence Davis, District 45
Delegate Anne Healey, District 22A
Delegate Carolyn J. B. Howard, District 24
Delegate Mark K. Shriver, District 15
Delegate Casper R. Taylor, Jr., District 1C
Bill indexed under the following Subjects:
DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL
ELDERLY PERSONS
EXEMPTIONS
GIFTS
INCOME TAX
NONPROFIT ORGANIZATIONS
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Tax - General
( 10-209 , 10-218 , 10-724 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered