MD SB572 | 2021 | Regular Session

Note: Carry Over of previous SB278

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 26 2021 - 25% progression, died in committee
Action: 2021-02-08 - Hearing 2/10 at 2:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing 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; establishing certain limits on the subtraction modification for certain taxable years; prohibiting income included in certain subtraction modifications from being included under the subtraction modification; etc.

Tracking Information

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Title

Retirement Tax Reduction Act of 2021

Sponsors


History

DateChamberAction
2021-02-08SenateHearing 2/10 at 2:00 p.m.
2021-02-08SenateHearing canceled
2021-01-27SenateHearing 2/10 at 1:00 p.m.
2021-01-26SenateFirst Reading Budget and Taxation

Same As/Similar To

HB733 (Crossfiled) 2021-01-26 - Hearing 2/11 at 1:30 p.m.
SB278 (Carry Over) 2020-01-28 - Hearing 2/05 at 2:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10207(n/a)See Bill Text
Tax - General10209(n/a)See Bill Text

Maryland State Sources


Bill Comments

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