MD SB512 | 2018 | Regular Session
Status
Sponsorship: Bipartisan Bill
Status: Introduced on January 29 2018 - 25% progression, died in committee
Action: 2018-02-14 - Hearing 2/14 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 29 2018 - 25% progression, died in committee
Action: 2018-02-14 - Hearing 2/14 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing, from $15,000 to $22,500, the amount of a certain subtraction modification under the State income tax for certain military compensation attributable to active service outside the United States; reducing the subtraction by a certain amount if the amount of compensation received by the individual exceeds $22,500; applying the Act to taxable years beginning after December 31, 2017; etc.
Title
Income Tax - Subtraction Modification - Military Compensation
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-14 | Senate | Hearing 2/14 at 1:00 p.m. |
| 2018-01-29 | Senate | First Reading Budget and Taxation |
