MD SB387 | 2016 | Regular Session
Status
Sponsorship: Slight Partisan Bill (Republican 14-6)
Status: Introduced on January 28 2016 - 25% progression, died in chamber
Action: 2016-02-24 - Hearing 2/24 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 28 2016 - 25% progression, died in chamber
Action: 2016-02-24 - Hearing 2/24 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing, from $1,000 to $5,000, the exemption allowed under the State income tax for an individual that is at least 65 years old on the last day of a taxable year; phasing in the increase over 4 taxable years; etc.
Title
Income Tax Exemption Amount - Elderly Individuals
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-24 | Senate | Hearing 2/24 at 1:00 p.m. |
| 2016-01-28 | Senate | Motion Rules Suspended Rule 32 (Senator Klausmeier) Adopted |
| 2016-01-28 | Senate | First Reading Budget and Taxation |
