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Bill > HB864


MD HB864

MD HB864
Income Tax - Subtraction Modification - Military Retirement Income


summary

Introduced
01/29/2021
In Committee
03/22/2021
Crossed Over
03/22/2021
Passed
Dead
04/12/2021

Introduced Session

2021 Regular Session

Bill Summary

Allowing a subtraction modification under the Maryland income tax for the first $30,000 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; and applying the Act to taxable years beginning after December 31, 2020.

AI Summary

This bill allows for a subtraction modification under the Maryland income tax for the first $30,000 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. The bill applies to taxable years beginning after December 31, 2020.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Hearing 3/30 at 1:00 p.m. (on 03/23/2021)

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