File Code: Income
Prior Year Introduction As: HB 845/97 - W&M
- Sponsored By:
-
Delegate Schade
- Entitled:
-
Income Tax - Distributions from Qualified Retirement Plans for
Reinvestment in Small Business
Providing a subtraction modification under the Maryland individual
income tax to the extent included in federal adjusted gross income for
amounts distributed under qualified retirement plans to the extent the
individual reinvests the amount distributed in a small business in the
State; defining "small business" and "qualified retirement plan" for
purposes of the subtraction modification; and applying the Act to tax
years after 1997.
House Action
- 2/2
- First Reading Ways and Means
- 2/11
- Hearing 2/24 at 11:00 a.m.
- 3/28
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INCOME TAX
- INVESTMENTS -see also- SECURITIES
- RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
- SMALL BUSINESS
- Bill affects the following Statutes:
- State Government
- (
2-1505.1
)
- Tax - General
- (
10-207 ,
10-207
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
