Legislation

Title: Income Tax - Subtraction Modification - Foreign Service Retirement Income
Sponsored by: Senator Rosapepe
Status: In the Senate - Hearing 1/31 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a subtraction modification under the Maryland income tax for certain foreign service retirement income received by an individual during the taxable year; providing that foreign service retirement income that is included in the subtraction allowed under the Act may not be taken into account for purposes of a certain subtraction modification under the Maryland income tax for certain retirement income; and applying the Act to all taxable years beginning after December 31, 2023.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/19/2024 Legislative Date 1/19/2024 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Foreign Service Retirement Income Proceedings
Chamber Senate Calendar Date 1/25/2024 Legislative Date 1/25/2024 Action Hearing 1/31 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/19/2024	1/19/2024	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Foreign Service Retirement Income
Senate	1/25/2024	1/25/2024	Hearing 1/31 at 1:00 p.m.

File Code

Subjects

Statutes