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MD HB1110

MD HB1110
Income Tax - Subtraction Modification - Military Retirement Income


summary

Introduced
02/06/2020
In Committee
02/06/2020
Crossed Over
Passed
Dead
03/18/2020

Introduced Session

2020 Regular Session

Bill Summary

Allowing a subtraction modification under the Maryland income tax for a certain amount of military retirement income received by an individual during the taxable year if the individual has received a determination of a 100% service connected disability from the U.S. Department of Veterans Affairs; applying the Act to taxable years beginning after December 31, 2019; etc.

AI Summary

This bill allows for a subtraction modification under the Maryland income tax for a certain amount of military retirement income received by an individual during the taxable year if the individual has received a determination of a 100% service-connected disability from the U.S. Department of Veterans Affairs. Specifically, the bill allows for the first $30,000 of military retirement income to be subtracted from the individual's federal adjusted gross income to determine their Maryland adjusted gross income, if they have been declared by the VA to have a permanent 100% service-connected disability. The bill applies to taxable years beginning after December 31, 2019.

Committee Categories

Budget and Finance

Sponsors (34)

Last Action

Hearing 3/06 at 1:00 p.m. (on 02/10/2020)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location Created
State Bill Page http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1110?ys=2020RS 02/06/2020
BillText http://mgaleg.maryland.gov/2020RS/bills/hb/hb1110f.pdf 02/08/2020
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