Legislation - HB1390

Allowing, subject to certain limitations, a subtraction modification under the Maryland income tax for certain personal casualty losses, meaning loss of property not connected with a trade or business or a transaction entered into for profit if the loss arises from theft or a fraud scheme; and applying the Act to taxable years beginning after December 31, 2024.

Committees

Original:: Ways and Means

Details

Introduced in a prior session as: SB0717 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 3/04 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Losses From Theft or Fraud Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2025	2/07/2025	First Reading Ways and Means
House	2/07/2025	2/07/2025	Hearing 3/04 at 1:00 p.m.
			Text - First - Income Tax - Subtraction Modification - Losses From Theft or Fraud

File Code

Subjects

Statutes