Legislation

Title: Income Tax Subtraction Modification – Military and Public Safety Retirement Income
Sponsored by: Senators Peters, Corderman, Eckardt, Edwards, Elfreth, Griffith, Guzzone, King, McCray, Rosapepe, Salling, Young, and Zucker
Status: In the House - First Reading Ways and Means
Analysis: Fiscal and Policy Note

Synopsis

Increasing to $20,000 the amount of a subtraction modification under the Maryland income tax for certain military retirement income for individuals who are at least 55 years old; increasing to $10,000 the amount of a subtraction modification under the Maryland income tax for certain retirement income attributable to a resident's employment as a correctional officer, a law enforcement officer, or a fire, rescue, or emergency services personnel; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means

Committee Testimony

Witness List

Details

Cross-filed with: HB0951

Introduced in a prior session as: SB0488 Session: 2020 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2021, July 1, 2022, July 1, 2023

History

Legislation History
Chamber Senate Calendar Date 1/15/2021 Legislative Date 1/15/2021 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Subtraction Modification – Military and Public Safety Retirement Income Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing 2/02 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2021 Legislative Date 3/19/2021 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/22/2021 Legislative Date 3/02/2021 Action Favorable with Amendments {509439/1 Adopted Proceedings 30 Click to view Recorded Media
Chamber Senate Calendar Date 3/22/2021 Legislative Date 3/02/2021 Action Second Reading Passed with Amendments Proceedings 30 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax Subtraction Modification – Military and Public Safety Retirement Income Proceedings
Chamber Senate Calendar Date 3/22/2021 Legislative Date 3/03/2021 Action Third Reading Passed (46-0) Proceedings 30AClick to view Recorded Media
Chamber House Calendar Date 3/24/2021 Legislative Date 3/11/2021 Action Referred Ways and Means Proceedings 30AClick to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/15/2021	1/15/2021	First Reading Budget and Taxation
			Text - First - Income Tax Subtraction Modification – Military and Public Safety Retirement Income
Senate	1/18/2021	1/18/2021	Hearing 2/02 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/19/2021	3/19/2021	Favorable with Amendments Report by Budget and Taxation
Senate	3/22/2021	3/02/2021	Favorable with Amendments {509439/1 Adopted	30 Click to view Recorded Media
Senate	3/22/2021	3/02/2021	Second Reading Passed with Amendments	30 Click to view Recorded Media
			Text - Third - Income Tax Subtraction Modification – Military and Public Safety Retirement Income
Senate	3/22/2021	3/03/2021	Third Reading Passed (46-0)	30AClick to view Recorded Media
House	3/24/2021	3/11/2021	Referred Ways and Means	30AClick to view Recorded Media

File Code

Subjects

Statutes