Legislation

Title: Income Tax - Subtraction Modification - Income From Retirement Plans
Sponsored by: Delegates Morgan, Buckel, Carozza, Clark, Corderman, Fisher, Folden, Kipke, McComas, Metzgar, Reilly, Rey, Rose, Shoemaker, Szeliga, and West
Status: In the House - Hearing 3/09 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Providing a subtraction modification under the Maryland income tax under certain circumstances for certain retirement income of an individual who is at least 65 years old or totally disabled or whose spouse is totally disabled; providing for the calculation of the subtraction modification; requiring the Comptroller, for purposes of the calculation, to determine a certain maximum benefit; applying the Act to taxable years beginning after December 31, 2017; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 2/09/2018 Legislative Date 2/09/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Income From Retirement Plans Proceedings
Chamber House Calendar Date 2/12/2018 Legislative Date 2/12/2018 Action Hearing 3/09 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/09/2018	2/09/2018	First Reading Ways and Means
			Text - First - Income Tax - Subtraction Modification - Income From Retirement Plans
House	2/12/2018	2/12/2018	Hearing 3/09 at 1:00 p.m.

File Code

Subjects

Statutes