MD HB682 | 2020 | Regular Session
Note: Carry Foward to future HB189
Status
Spectrum: Moderate Partisan Bill (Democrat 21-4)
Status: Introduced on January 30 2020 - 25% progression, died in committee
Action: 2020-01-31 - Hearing 2/20 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 30 2020 - 25% progression, died in committee
Action: 2020-01-31 - Hearing 2/20 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Including income from an individual retirement account or a certain annuity within a certain subtraction modification for certain retirement income if contributions to the individual retirement account or annuity consist entirely of the tax-free rollover of distributions from an employee retirement system; repealing a certain obsolete provision relating to a certain retirement plan; and applying the Act to all taxable years beginning after December 31, 2019.
Title
Income Tax - Subtraction Modification - Retirement Income
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-31 | House | Hearing 2/20 at 1:00 p.m. |
| 2020-01-30 | House | First Reading Ways and Means |
Same As/Similar To
HB682 (Carry Over) 2020-01-31 - Hearing 2/20 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 209 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0682?ys=2020RS |
| Text | https://mgaleg.maryland.gov/2020RS/bills/hb/hb0682f.pdf |
