MD SB553 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 18-11)
Status: Passed on May 12 2023 - 100% progression
Action: 2023-05-12 - Approved by the Governor - Chapter 614
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Slight Partisan Bill (Democrat 18-11)
Status: Passed on May 12 2023 - 100% progression
Action: 2023-05-12 - Approved by the Governor - Chapter 614
Text: Latest bill text (Chaptered) [PDF]
Summary
Increasing the amount of a certain subtraction modification under the Maryland income tax for certain military retirement income received by individuals under the age of 55 years to $12,500 and individuals at least 55 years old to $20,000 during the taxable year for certain military service; and applying the Act to all taxable years beginning after December 31, 2022.
Title
Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)
Sponsors
Roll Calls
2023-04-03 - House - Third Reading Passed (Y: 138 N: 0 NV: 0 Abs: 2) [PASS]
2023-03-20 - Senate - Third Reading Passed (Y: 43 N: 0 NV: 0 Abs: 4) [PASS]
2023-03-20 - Senate - Third Reading Passed (Y: 43 N: 0 NV: 0 Abs: 4) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-05-12 | Senate | Approved by the Governor - Chapter 614 |
| 2023-04-03 | Senate | Returned Passed |
| 2023-04-03 | House | Third Reading Passed (138-0) |
| 2023-03-31 | House | Favorable Adopted Second Reading Passed |
| 2023-03-31 | House | Favorable Report by Ways and Means |
| 2023-03-20 | House | Hearing 3/30 at 1:00 p.m. |
| 2023-03-20 | House | Referred Ways and Means |
| 2023-03-20 | Senate | Third Reading Passed (43-0) |
| 2023-03-17 | Senate | Second Reading Passed with Amendments |
| 2023-03-17 | Senate | Favorable with Amendments {303424/1 Adopted |
| 2023-03-17 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2023-02-07 | Senate | Hearing 3/01 at 1:00 p.m. |
| 2023-02-06 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB554 (Crossfiled) 2023-05-12 - Approved by the Governor - Chapter 613
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 207 | (n/a) | See Bill Text |
