MD SB451 | 2014 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: Introduced on January 27 2014 - 25% progression, died in chamber
Action: 2014-02-17 - Unfavorable Report by Budget and Taxation
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 27 2014 - 25% progression, died in chamber
Action: 2014-02-17 - Unfavorable Report by Budget and Taxation
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing the maximum amount allowed as a subtraction modification under the State income tax for specified retirement income of an individual who is at least 70 years old or who is totally disabled; establishing a task force to study specified effects of State and local tax policies on senior emigration; applying the Act to taxable years after December 31, 2013; etc.
Title
Income Tax - Subtraction Modification - Retirement Income and Task Force to Study Senior Emigration
Sponsors
| Sen. Ronald Young [D] | Sen. Brian Feldman [D] | Sen. Jennie Forehand [D] | Sen. Nancy Jacobs [R] |
| Sen. Verna Jones-Rodwell [D] | Sen. Nancy King [D] | Sen. Jim Rosapepe [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-17 | Senate | Unfavorable Report by Budget and Taxation |
| 2014-02-05 | Senate | Hearing 2/05 at 1:00 p.m. |
| 2014-01-27 | Senate | First Reading Budget and Taxation |
Subjects
Aging, Department of
Committees and Commissions
Disabilities
Elderly Persons
Exemptions
Income Tax
Reports
Retirement Systems
Revenue and Taxes
Sunset
Taxes - Income
Committees and Commissions
Disabilities
Elderly Persons
Exemptions
Income Tax
Reports
Retirement Systems
Revenue and Taxes
Sunset
Taxes - Income
