Legislation

Allowing an individual a subtraction modification under the Maryland income tax for income from the cancellation of consumer credit card debt unless the individual's federal adjusted gross income exceeds $50,000 for an individual or $80,000 for a married couple filing a joint return; providing that the amount of the subtraction modification may not exceed $5,000 for an individual or $8,000 for a married couple filing a joint return; and applying the Act to tax years after 2012.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: HB0640 Session: 2012 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2013

History

Legislation History
Chamber House Calendar Date 1/16/2013 Legislative Date 1/17/2013 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/23/2013 Legislative Date 1/23/2013 Action Hearing 2/19 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/12/2013 Legislative Date 3/13/2013 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 3/14/2013 Legislative Date 3/14/2013 Action Favorable Report Adopted Proceedings 47
Chamber House Calendar Date 3/14/2013 Legislative Date 3/14/2013 Action Second Reading Passed Proceedings 47
Chamber House Calendar Date 3/19/2013 Legislative Date 3/16/2013 Action Third Reading Passed (134-0) Proceedings 49
Chamber Senate Calendar Date 3/20/2013 Legislative Date 3/18/2013 Action First Reading Budget and Taxation Proceedings 49
Chamber Senate Calendar Date 3/27/2013 Legislative Date 3/27/2013 Action Hearing 4/04 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/16/2013	1/17/2013	First Reading Ways and Means
House	1/23/2013	1/23/2013	Hearing 2/19 at 1:00 p.m.
House	3/12/2013	3/13/2013	Favorable Report by Ways and Means
House	3/14/2013	3/14/2013	Favorable Report Adopted	47
House	3/14/2013	3/14/2013	Second Reading Passed	47
House	3/19/2013	3/16/2013	Third Reading Passed (134-0)	49
Senate	3/20/2013	3/18/2013	First Reading Budget and Taxation	49
Senate	3/27/2013	3/27/2013	Hearing 4/04 at 1:00 p.m.

Documents

Date Posted	Document Name
1/17/2013	Text - First - Income Tax - Subtraction Modification - Credit Card Debt Forgiveness
3/14/2013	Text - Third - Income Tax - Subtraction Modification - Credit Card Debt Forgiveness
3/12/2013	Vote - House - Committee - Ways and Means
3/16/2013	Vote - House Floor - Third Reading Passed (134-0) - 03/16/13

File Code

Subjects

Statutes