SENATE BILL 557

Sponsored By:

Senator DeGrange

Entitled:

Income Tax - U.S. Government Employees' Foreign Earned Income

Synopsis:

Providing a subtraction modification for specified taxable years under the Maryland income tax for foreign earned income, as defined, of an individual earned as an employee of the United States or of an agency of the United States; and limiting the subtraction to $3,500 for any taxable year.

History by Legislative Date

Senate Action

2/3

First Reading Budget and Taxation

2/22

Hearing 3/1 at 1:00 p.m.

3/22

Favorable Report by Budget and Taxation

Favorable Report Adopted

Second Reading Passed

3/24

Third Reading Passed (47-0)

4/5

Returned Passed

House Action

3/21

First Reading Ways and Means

3/29

Hearing 4/6 at 1:00 p.m.

4/7

Favorable Report by Ways and Means

4/3

Favorable Report Adopted

Second Reading Passed

4/4

Third Reading Passed (135-0)

Action after passage in Senate and House

5/26

Governor vetoed - Duplicative

Bill indexed under the following Subjects:

EXEMPTIONS

FEDERAL GOVERNMENT

INCOME TAX

INTERNATIONAL AFFAIRS -see also- FOREIGN TRADE

PUBLIC EMPLOYEES -see also- STATE EMPLOYEES

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

March 24, 2006: Third Reading Passed (47-0)

House

April 4, 2006: Third Reading Passed (135-0)