Legislation

Title: Income Tax - Subtraction Modification - Individuals At Least 75 Years Old (Diamond Income Reduction Act)
Sponsored by: Senators Brooks, West, and Kramer
Status: In the Senate - Hearing 2/08 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering eligibility for a subtraction modification under the Maryland income tax for the first $100,000 of income received during a taxable year by an individual who is at least 75 years old, rather than 100 years old; and applying the Act to all taxable years beginning after December 31, 2022.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber Senate Calendar Date 1/27/2023 Legislative Date 1/27/2023 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Individuals At Least 75 Years Old (Diamond Income Reduction Act) Proceedings
Chamber Senate Calendar Date 1/30/2023 Legislative Date 1/30/2023 Action Hearing 2/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/27/2023	1/27/2023	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Individuals At Least 75 Years Old (Diamond Income Reduction Act)
Senate	1/30/2023	1/30/2023	Hearing 2/08 at 1:00 p.m.

File Code

Subjects

Statutes