MD SB344 | 2022 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-31 - Hearing 2/23 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-31 - Hearing 2/23 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing individuals with less than $100,000 of federal adjusted gross income a subtraction modification under the Maryland income tax if the individual is receiving old age or survivor Social Security benefits or is at least 65 years old and not employed full-time; providing that the subtraction modification may not include income that is included under another subtraction modification; etc.
Title
Retirement Tax Reduction Act of 2022
Sponsors
History
Date | Chamber | Action |
---|---|---|
2022-01-31 | Senate | Hearing 2/23 at 1:00 p.m. |
2022-01-21 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB1453 (Crossfiled) 2022-02-24 - First Reading House Rules and Executive Nominations
Subjects
Comptroller
Correctional Officers
Elderly Persons
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Retirement
Rules and Regulations
Social Security
Spouses
Taxes - Income
Correctional Officers
Elderly Persons
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Retirement
Rules and Regulations
Social Security
Spouses
Taxes - Income
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/SB0344?ys=2022RS |
Text | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0344f.pdf |