Legislation
- Title
- Income Tax - Retirement Income Subtraction Modifications and Senior Credit
- Sponsored by
- Delegates Delegates B. Barnes, Attar, Atterbeary, D. Barnes, Boteler, C. Branch, Buckel, Charles, Ebersole, Feldmark, Griffith, Guyton, Hartman, Hornberger, Ivey, D. Jones, Lisanti, Long, Luedtke, Patterson, Rose, Washington, and Wilkins
- Status
- Approved by the Governor - Chapter 3
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Allowing a subtraction modification under the Maryland income tax for individuals who are at least 55 years old for the first $15,000 of income from a certain employee retirement system that is attributable to the individual's employment as a public safety employee; providing that retirement income of public safety employees that is included in the subtraction allowed under the Act may not be taken into account for purposes of a Maryland income tax subtraction modification for certain retirement income; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
- Opposite:
- Budget and Taxation
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2022
History
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File Code
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Subjects
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Statutes
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(
10-207, 10-209, 10-754 )
Last Updated: 7/27/2022 3:29 PM