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MD SB488
MD SB488Income Tax - Subtraction Modification - Military and Public Safety Retirement Income
summary
Introduced
01/29/2020
01/29/2020
In Committee
03/15/2020
03/15/2020
Crossed Over
03/14/2020
03/14/2020
Passed
Dead
03/18/2020
03/18/2020
Introduced Session
2020 Regular Session
Bill Summary
Increasing the amount of a subtraction modification under the Maryland income tax to $20,000 for certain military retirement income for individuals who are at least 55 years old; increasing the amount of a subtraction modification under the Maryland income tax to $10,000 for certain retirement income attributable to an individual's employment as a correctional officer, a law enforcement officer, or a fire, rescue, or emergency services worker if the individual is at least 55 years old; etc.
AI Summary
This bill increases the amount of a subtraction modification under the Maryland income tax to $20,000 for certain military retirement income for individuals who are at least 55 years old. It also increases the amount of a subtraction modification to $10,000 for certain retirement income attributable to an individual's employment as a correctional officer, a law enforcement officer, or a fire, rescue, or emergency services worker if the individual is at least 55 years old.
Committee Categories
Budget and Finance
Sponsors (12)
Douglas Peters (D)*,
Adelaide Eckardt (R),
George Edwards (R),
Sarah Elfreth (D),
Melony Griffith (D),
Guy Guzzone (D),
Nancy King (D),
Cory McCray (D),
Jim Rosapepe (D),
Johnny Salling (R),
Andrew Serafini (R),
Craig Zucker (D),
Last Action
Referred Ways and Means (on 03/15/2020)
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0488?ys=2020RS | 01/29/2020 |
| BillText | http://mgaleg.maryland.gov/2020RS/bills/sb/sb0488t.pdf | 03/14/2020 |
| Favorable with Amendments 609933/1 Adopted | http://mgaleg.maryland.gov//2020RS/amds/bil_0008/sb0488_60993301.pdf | 03/14/2020 |
| BillText | http://mgaleg.maryland.gov/2020RS/bills/sb/sb0488f.pdf | 01/30/2020 |
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