MD HB640 | 2012 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 14-8)
Status: Engrossed on March 22 2012 - 50% progression, died in committee
Action: 2012-03-29 - Hearing 4/4 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 22 2012 - 50% progression, died in committee
Action: 2012-03-29 - Hearing 4/4 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Allowing an individual a subtraction modification under the Maryland income tax for income from the cancellation of consumer credit card debt unless the individual's federal adjusted gross income exceeds $50,000 for an individual or $80,000 for a married couple filing a joint return; providing that the amount of the subtraction modification may not exceed $5,000 for an individual or $8,000 for a married couple filing a joint return; applying the Act to tax years after 2011; etc.
Title
Income Tax - Subtraction Modification - Credit Card Debt Forgiveness
Sponsors
Roll Calls
2012-03-22 - House - Third Reading Passed (Y: 132 N: 0 NV: 4 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-29 | Hearing 4/4 at 1:00 p.m. | |
| 2012-03-22 | First Reading Budget and Taxation | |
| 2012-03-22 | Third Reading Passed (132-0) | |
| 2012-03-21 | Second Reading Passed with Amendments | |
| 2012-03-21 | Favorable with Amendments 945568/1 Report Adopted | |
| 2012-03-24 | Favorable with Amendments Report by Ways and Means | |
| 2012-02-08 | Hearing 2/28 at 1:00 p.m. | |
| 2012-02-08 | First Reading Ways and Means |
