- Title
- Income Tax - Subtraction Modification - Foreign Service Retirement Income
- Sponsored by
- Senator Rosapepe
- Status
- In the Senate - Hearing 1/31 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Allowing a subtraction modification under the Maryland income tax for certain foreign service retirement income received by an individual during the taxable year; providing that foreign service retirement income that is included in the subtraction allowed under the Act may not be taken into account for purposes of a certain subtraction modification under the Maryland income tax for certain retirement income; and applying the Act to all taxable years beginning after December 31, 2023.
Committees
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2024
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Last Updated: 4/15/2024 3:20 PM