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MD SB122

MD SB122
Income Tax - Subtraction Modification - Volunteer Fire, Rescue, and Emergency Medical Services


summary

Introduced
01/12/2022
In Committee
03/29/2022
Crossed Over
03/29/2022
Passed
Dead
04/11/2022

Introduced Session

2022 Regular Session

Bill Summary

Income Tax - Subtraction Modification - Volunteer Fire, Rescue, and Emergency Medical Services

AI Summary

This bill proposes to increase the income tax subtraction modification for volunteer fire, rescue, and emergency medical services members in the state of Maryland. The subtraction amount would rise incrementally from $4,750 in 2017 to $10,000 for tax years beginning after December 31, 2022. This change is intended to provide greater financial support and incentives for individuals who volunteer for these essential public safety roles in their communities.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (13)

Last Action

Referred Rules and Executive Nominations (on 03/29/2022)

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