MD HB422 | 2013 | Regular Session

Maryland House Bill 422 (Prior Session Legislation)

Status

Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 28 2013 - 25% progression, died in committee
Action: 2013-03-12 - Hearing 3/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing a subtraction modification of up to $8,000 under the State income tax for retirement income from an individual retirement account or annuity under § 408 of the Internal Revenue Code or a Roth individual retirement account under § 408A of the Internal Revenue Code; applying the Act to taxable years beginning after December 31, 2012; etc.

Title

Income Tax - Subtraction Modification - Individual Retirement Accounts

History

Date	Chamber	Action
2013-03-12	House	Hearing 3/12 at 1:00 p.m.
2013-01-28	House	First Reading Ways and Means

Subjects

Exemptions
Income Tax
Retirement Systems
Taxes - Income

Maryland State Sources

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0422?ys=2013rs
Text	https://mgaleg.maryland.gov/2013RS/bills/hb/hb0422f.pdf
Supplement	https://mgaleg.maryland.gov/2013RS/fnotes/bil_0002/hb0422.pdf