Legislation

Title: Income Tax – Subtraction Modification – Military Retirement (Tax Relief for Military Retirees Act of 2022)
Sponsored by: Delegates Saab, Howard, Munoz, and Rogers
Status: In the House - First Reading House Rules and Executive Nominations
Analysis

Synopsis

Altering for certain taxable years a certain limitation on a subtraction modification under the Maryland income tax for certain military retirement income; providing the subtraction for the tax year beginning after December 31, 2021, but before January 1, 2023, is the greater of $15,000 or 50% of the amount of military retirement income received during that taxable year; and providing that for a taxable year beginning after December 31, 2022, all military retirement income received can be subtracted.

Committees

Original:: Rules and Executive Nominations

Details

Introduced in a prior session as: HB0361 Session: 2020 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber House Calendar Date 2/22/2022 Legislative Date 2/22/2022 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Subtraction Modification – Military Retirement (Tax Relief for Military Retirees Act of 2022) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/22/2022	2/22/2022	First Reading House Rules and Executive Nominations
			Text - First - Income Tax – Subtraction Modification – Military Retirement (Tax Relief for Military Retirees Act of 2022)

File Code

Subjects

Statutes