MD SB346 | 2024 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 15 2024 - 25% progression, died in committee
Action: 2024-01-18 - Hearing 1/24 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2024 - 25% progression, died in committee
Action: 2024-01-18 - Hearing 1/24 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Phasing in, over a period of 3 years, an increase in a subtraction modification under the Maryland income tax to allow for a subtraction of all military retirement income beginning in taxable year 2026.
Title
Income Tax - Subtraction Modification - Military Retirement Income (Keep Our Heroes Home Act)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-18 | Senate | Hearing 1/24 at 1:00 p.m. |
| 2024-01-15 | Senate | First Reading Budget and Taxation |
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/SB0346?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0346f.pdf |
