Legislation
- Title
- Income Tax – Subtraction Modification – Retirement Income (Hometown Heroes and Veterans Act of 2018)
- Sponsored by
- Senators Peters, Astle, Benson, Cassilly, Currie, DeGrange, Edwards, Feldman, Guzzone, Kagan, Kelley, King, Klausmeier, Madaleno, Manno, Mathias, Middleton, Muse, Norman, Rosapepe, Serafini, Simonaire, Smith, Young, Zucker, Eckardt, and Kasemeyer
- Status
- Approved by the Governor - Chapter 573
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Altering a subtraction modification under the State income tax for certain military retirement income for individuals who are at least 55 years old from $10,000 to $15,000; providing a subtraction modification under the Maryland income tax under certain circumstances for the first $15,000 of retirement income attributable to employment as a correctional officer; and applying the Act to all taxable years beginning after December 31, 2017.
Committees
- Opposite:
- Ways and Means Click to view Recorded Media
Details
Introduced in a prior session as: SB0295 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2018
History
Toggle History Dropdown
File Code
Toggle Filecode Dropdown
Subjects
Toggle Subjects Dropdown
Statutes
Toggle Statutes Dropdown
(
10-207, 10-209 )
Last Updated: 2/3/2020 2:36 PM