MD HB597 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Republican 22-0)
Status: Introduced on January 31 2022 - 25% progression, died in committee
Action: 2022-01-31 - Hearing 2/16 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2022 - 25% progression, died in committee
Action: 2022-01-31 - Hearing 2/16 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Lowering, from 55 to 50, the age at which residents are eligible for a subtraction modification under the Maryland income tax for certain military retirement income and certain retirement income attributable to the resident's employment as a correctional officer, a law enforcement officer, or a fire, rescue, or emergency services personnel; and increasing, from $15,000 to $30,000, the amount of the subtraction modifications for certain military and public safety retirement income.
Title
Income Tax - Subtraction Modifications for Military and Public Safety Retirement Income (Honoring Their Sacrifice Act of 2022)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-31 | House | Hearing 2/16 at 1:00 p.m. |
| 2022-01-31 | House | First Reading Ways and Means |
Subjects
Age
Armed Forces
Correctional Officers
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Taxes - Income
Veterans
Armed Forces
Correctional Officers
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Taxes - Income
Veterans
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/HB0597?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/hb/hb0597f.pdf |
