MD HB713 | 2024 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 32-8)
Status: Introduced on January 26 2024 - 25% progression
Action: 2024-01-26 - Hearing 2/15 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 26 2024 - 25% progression
Action: 2024-01-26 - Hearing 2/15 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing the amount of a subtraction modification from $12,500 to $20,000 under the Maryland income tax for military retirement income for individuals who are under the age of 55 years; and applying the Act to all taxable years beginning after December 31, 2023.
Title
Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-01-26 | House | Hearing 2/15 at 1:00 p.m. |
2024-01-26 | House | First Reading Ways and Means |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 207 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0713?ys=2024RS |
Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0713f.pdf |