MD HB1440 | 2022 | Regular Session

Note: Carry Over of previous HB361

Status

Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on February 22 2022 - 25% progression, died in committee
Action: 2022-02-22 - First Reading House Rules and Executive Nominations
Pending: House Rules and Executive Nominations Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Altering for certain taxable years a certain limitation on a subtraction modification under the Maryland income tax for certain military retirement income; providing the subtraction for the tax year beginning after December 31, 2021, but before January 1, 2023, is the greater of $15,000 or 50% of the amount of military retirement income received during that taxable year; and providing that for a taxable year beginning after December 31, 2022, all military retirement income received can be subtracted.

Tracking Information

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Title

Income Tax – Subtraction Modification – Military Retirement (Tax Relief for Military Retirees Act of 2022)

Sponsors


History

DateChamberAction
2022-02-22HouseFirst Reading House Rules and Executive Nominations

Same As/Similar To

HB361 (Carry Over) 2020-01-24 - Hearing 2/14 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10207(n/a)See Bill Text

Maryland State Sources


Bill Comments

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