Legislation

Allowing a subtraction modification under the Maryland income tax for up to $100,000 of income each year for individuals who are receiving certain benefits under the Social Security Act, or who are at least 65 years old and are not employed full-time; establishing certain limits on the subtraction modification for certain taxable years; prohibiting income included in certain subtraction modifications from being included under the subtraction modification; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0342

Bill File Type: Regular

Effective Date(s): July 1, 2020

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 1/20/2020 Legislative Date 1/20/2020 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/21/2020 Legislative Date 1/21/2020 Action Hearing 2/05 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Retirement Tax Reduction Act of 2020 Proceedings
Chamber Senate Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Hearing 2/05 at 2:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/20/2020	1/20/2020	First Reading Budget and Taxation
Senate	1/21/2020	1/21/2020	Hearing 2/05 at 1:00 p.m.
			Text - First - Retirement Tax Reduction Act of 2020
Senate	1/28/2020	1/28/2020	Hearing canceled
Senate	1/28/2020	1/28/2020	Hearing 2/05 at 2:00 p.m.

File Code

Subjects

Statutes