- Title
- Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
- Sponsored by
- Delegates Griffith, Rogers, Adams, Allen, Anderton, Arikan, Attar, Baker, Bouchat, Buckel, Chisholm, Ciliberti, Fair, Ghrist, Grammer, Hartman, Henson, Hinebaugh, Hornberger, Howard, Hutchinson, A. Johnson, S. Johnson, D. Jones, Kipke, R. Long, Mangione, McComas, Miller, M. Morgan, T. Morgan, Munoz, Nawrocki, Pippy, Reilly, Rose, Schmidt, Stonko, Tomlinson, and Valentine
- Status
- In the House - Hearing 2/15 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Increasing the amount of a subtraction modification from $12,500 to $20,000 under the Maryland income tax for military retirement income for individuals who are under the age of 55 years; and applying the Act to all taxable years beginning after December 31, 2023.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2024
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Last Updated: 4/15/2024 2:42 PM