MD HB405 | 2018 | Regular Session

Maryland House Bill 405 (Prior Session Legislation)

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on January 24 2018 - 25% progression, died in committee
Action: 2018-02-07 - Hearing 2/07 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals; altering the calculation of the subtraction modification; increasing the maximum amount of the subtraction modification allowed for certain taxable years; and prohibiting an individual from qualifying for the subtraction if the total income from all qualified plans for the taxable year exceeds $100,000.

Title

Income Tax - Subtraction Modification - Retirement Income

History

Date	Chamber	Action
2018-02-07	House	Hearing 2/07 at 1:00 p.m.
2018-01-24	House	First Reading Ways and Means

Subjects

Disabilities
Emergency Medical Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Retirement Systems
Taxes - Income

Maryland State Sources

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0405?ys=2018rs
Text	https://mgaleg.maryland.gov/2018RS/bills/hb/hb0405f.pdf
Supplement	https://mgaleg.maryland.gov/2018RS/fnotes/bil_0005/hb0405.pdf