SENATE BILL 56

File Code: Taxes - Income Prior Year Introduction As: SB 443/05 - B&T

Sponsored By:

Senator Hollinger

Entitled:

Income Tax - Subtraction Modification for Living Organ Donors

Synopsis:

Allowing a subtraction modification under the Maryland income tax for specified expenses that are attributable to the donation of specified organs to other individuals for organ transplantation under specified circumstances; limiting the subtraction to $10,000 and to one organ donation; and applying the Act to tax years beginning after December 31, 2005.

History by Legislative Date

Senate Action

9/28

Pre-filed

1/11

First Reading Budget and Taxation

1/19

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

House Action

No Action

Bill indexed under the following Subjects:

EXEMPTIONS

INCOME TAX

ORGAN DONORSHIP

Bill affects the following Statutes:

Tax - General

( 10-208 , 10-208 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered