File Code: Taxes - Income
- Sponsored By:
-
Delegates Hixson, Taylor, Healey, Howard, C. Davis, Bozman, and
Shriver
- Entitled:
-
Income Tax - Retirement Income and Charitable Contributions
Altering the computation of a subtraction modification allowed under
the Maryland income tax for specified retirement income; providing a
credit against the State income tax for unrestricted charitable
contributions made to a community foundation's endowment; allowing the
credit only if the individual's qualified capital gain for the taxable
year for which the credit is received is at least $10,000,000;
providing for a reduction of itemized deductions if the credit is
claimed; etc.
House Action
- 2/8
- First Reading Ways and Means
- 2/20
- Hearing 3/14 at 1:00 p.m.
- 3/21
- Withdrawn
Senate Action
- No Action
- Sponsored by:
- Delegate Sheila E. Hixson, District 20
- Delegate K. Bennett Bozman, District 38
- Delegate Clarence Davis, District 45
- Delegate Anne Healey, District 22A
- Delegate Carolyn J. B. Howard, District 24
- Delegate Mark K. Shriver, District 15
- Delegate Casper R. Taylor, Jr., District 1C
- Bill indexed under the following Subjects:
- DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL
- ELDERLY PERSONS
- EXEMPTIONS
- GIFTS
- INCOME TAX
- NONPROFIT ORGANIZATIONS
- RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statutes:
- Tax - General
- (
10-209 ,
10-218 ,
10-724
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
