MD HB420 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Republican 27-0)
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-27 - Hearing 2/23 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-27 - Hearing 2/23 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing, subject to certain limitations, a subtraction modification under the Maryland income tax for up to a certain amount each year for certain individuals who are receiving certain benefits under the Social Security Act or who are at least 65 years old and are not employed full time; prohibiting income included in certain subtraction modifications from being included under the subtraction modification; etc.
Title
Retirement Tax Elimination Act of 2022
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-27 | House | Hearing 2/23 at 1:00 p.m. |
| 2022-01-19 | House | First Reading Ways and Means |
Same As/Similar To
SB405 (Crossfiled) 2022-04-01 - Approved by the Governor - Chapter 4
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 207 | (n/a) | See Bill Text |
| Tax - General | 10 | 209 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0420?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/hb/hb0420f.pdf |
