2007 Regular Session

SENATE BILL 445

File Code: Taxes - Income Crossfiled with: HOUSE BILL 176
Sponsored By:
Senator Colburn
Entitled:
Income Tax - Subtraction Modification for Military Retirement - Expansion

Synopsis:

Expanding the applicability of a subtraction modification under the Maryland income tax for military retirement income to include as qualifying military service for individuals separated from employment before July 1, 1991, active duty with the commissioned corps of the Public Health Service, the National Oceanic and Atmospheric Administration, or the Coast and Geodetic Survey; and increasing from $5,000 to $20,000 the maximum amount of the subtraction modification for military retirement income.

History by Legislative and Calendar Date

Senate Action
2/2
First Reading Budget and Taxation
2/7
Hearing 2/14 at 1:00 p.m.
2/28
Withdrawn
House Action
No Action

Bill indexed under the following Subjects:

Armed Forces -see also- Militia
Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Veterans

Bill affects the following Statutes:

Tax - General
( 10-207 , 10-207 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered