File Code: Taxes - Income
- Sponsored By:
-
Delegates Montgomery, Barve, Bobo, Boteler, Cane, Holmes, Lee,
Taylor, and Weir
- Entitled:
-
Income Tax - Military Service Retirement Tax Relief Act
Increasing from $2,500 to $7,500 the maximum subtraction modification
allowed under the State income tax for military retirement income;
increasing from $17,500 to $30,000 the income threshold at which the
subtraction modification begins to phase out; and repealing tax
credits allowed to public service companies, electricity suppliers,
and cogenerators for the purchase of Maryland-mined coal.
House Action
- 2/11
- First Reading Ways and Means
- 2/15
- Hearing 2/22 at 1:00 p.m.
- 4/11
- Unfavorable Report by Ways and Means
Senate Action
- No Action
Sponsored by:
- Delegate Karen S. Montgomery, District 14
- Delegate Kumar P. Barve, District 17
- Delegate Elizabeth Bobo, District 12B
- Delegate Joseph C. Boteler, III, District 8
- Delegate Rudolph C. Cane, District 37A
- Delegate Marvin E. Holmes, Jr., District 23B
- Delegate Susan C. Lee, District 16
- Delegate Herman L. Taylor, Jr., District 14
- Delegate Michael H. Weir, Jr., District 6
Bill indexed under the following Subjects:
- ARMED FORCES -see also- MILITIA
- COAL
- EXEMPTIONS
- FRANCHISES
- INCOME TAX
- MINING
- RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
- TAX CREDITS -see also- CIRCUIT BREAKER
- UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
Bill affects the following Statutes:
- Tax - General
- (
8-406 ,
10-207 ,
10-207 ,
10-209 ,
10-704.1
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered