Legislation

Title: Income Tax - Subtraction Modification - COVID-19-Related Distribution of Retirement Income
Sponsored by: Senator Corderman
Status: In the Senate - Hearing 3/03 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a subtraction modification under the Maryland income tax for taxable years 2020, 2021, and 2022 for income that is the result of certain COVID-19-related distributions of retirement income during certain taxable years; prohibiting the subtraction from exceeding $100,000 in a taxable year; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Emergency Bill

Cross-filed with: HB1177

Bill File Type: Regular

Effective Date(s): Upon Enactment

History

Legislation History
Chamber Senate Calendar Date 2/09/2021 Legislative Date 2/09/2021 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - COVID-19-Related Distribution of Retirement Income Proceedings
Chamber Senate Calendar Date 2/11/2021 Legislative Date 2/11/2021 Action Hearing 3/03 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/09/2021	2/09/2021	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - COVID-19-Related Distribution of Retirement Income
Senate	2/11/2021	2/11/2021	Hearing 3/03 at 1:00 p.m.

File Code

Subjects

Statutes