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MD HB473

MD HB473
Income Tax - Subtraction Modification - Military Retirement Income


summary

Introduced
01/21/2022
In Committee
01/21/2022
Crossed Over
Passed
Dead
04/11/2022

Introduced Session

2022 Regular Session

Bill Summary

Allowing a subtraction modification under the Maryland income tax for the first $20,000 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.

AI Summary

This bill allows a subtraction modification under the Maryland income tax for the first $20,000 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. This provision applies to all taxable years beginning after December 31, 2021.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

House Ways and Means Hearing (13:00 2/9/2022 ) (on 02/09/2022)

bill text


bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0473?ys=2022RS 01/27/2022
BillText https://mgaleg.maryland.gov/2022RS/bills/hb/hb0473f.pdf 01/28/2022
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