Legislation - HB0355

Title: Income Tax - Subtraction Modification - Retirement Income
Sponsored by: Delegates Grammer, Arikan, Chisholm, Fisher, M. Morgan, Nawrocki, and Szeliga
Status: In the House - Hearing 1/30 at 1:00 p.m.
Analysis

Synopsis

Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years old or who are disabled or whose spouse is disabled; altering the maximum amount of the subtraction modification for certain taxable years; repealing a limitation on the maximum amount of the subtraction modification; applying the Act to all taxable years beginning after December 31, 2024; etc.

Committees

Original:: Ways and Means

Details

Introduced in a prior session as: HB0674 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 1/16/2025 Legislative Date 1/16/2025 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/16/2025 Legislative Date 1/16/2025 Action Hearing 1/30 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Retirement Income Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/16/2025	1/16/2025	First Reading Ways and Means
House	1/16/2025	1/16/2025	Hearing 1/30 at 1:00 p.m.
			Text - First - Income Tax - Subtraction Modification - Retirement Income

File Code

Subjects

Statutes