MD SB5 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2016 - 25% progression, died in committee
Action: 2016-02-10 - Hearing 2/10 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2016 - 25% progression, died in committee
Action: 2016-02-10 - Hearing 2/10 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
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 a resident who is at least 70 years old or who is totally disabled or the resident's spouse is totally disabled; providing that the amount of the subtraction modification may not exceed specified amounts during specified taxable years; etc.
Title
Income Tax - Subtraction Modification - Retirement Income
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-10 | Senate | Hearing 2/10 at 1:00 p.m. |
| 2016-01-13 | Senate | First Reading Budget and Taxation |
| 2015-07-07 | Senate | Pre-filed |
