MD SB461 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 13-0)
Status: Introduced on February 3 2023 - 25% progression, died in committee
Action: 2023-02-23 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2023 - 25% progression, died in committee
Action: 2023-02-23 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing, subject to certain limitations, a subtraction modification under the Maryland income tax for up to a certain amount each year for certain individuals who are receiving certain benefits under the Social Security Act or who are at least 65 years old and are not employed full-time; prohibiting income included in certain subtraction modifications from being included under the subtraction modification; etc.
Title
Retirement Tax Elimination Act of 2023
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-02-23 | Senate | Hearing 3/09 at 1:00 p.m. |
2023-02-23 | Senate | Hearing canceled |
2023-02-03 | Senate | Hearing 3/01 at 1:00 p.m. |
2023-02-03 | Senate | First Reading Budget and Taxation |
Subjects
Comptroller
Elderly Persons
Exemptions
Income Tax
Retirement
Rules and Regulations
Social Security
Taxes - Income
Elderly Persons
Exemptions
Income Tax
Retirement
Rules and Regulations
Social Security
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/SB0461?ys=2023RS |
Text | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0461f.pdf |