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Bill > SB94


MD SB94

MD SB94
Income Tax - Subtraction Modification - Public Safety Volunteers


summary

Introduced
01/11/2023
In Committee
02/20/2023
Crossed Over
02/16/2023
Passed
Dead
04/10/2023

Introduced Session

2023 Regular Session

Bill Summary

AN ACT concerning Income Tax - Subtraction Modification - Volunteer Fire, Rescue, and Emergency Medical Services Public Safety Volunteers FOR the purpose of increasing the amount of a subtraction modification under the Maryland income tax for certain qualifying volunteer fire, rescue, and emergency medical services members an individual who is a qualifying public safety volunteer beginning in a certain taxable year; and generally relating to a subtraction modification under the Maryland income tax for qualifying volunteer fire, rescue, and emergency medical services members public safety volunteers. BY repealing and reenacting, without amendments, Article - Tax - General Section 10-208(a) and (i-1)(1) Annotated Code of Maryland (2022 Replacement Volume) BY repealing and reenacting, with amendments, Article - Tax - General Section 10-208(i-1)(3) 10-208(i-1) Annotated Code of Maryland (2022 Replacement Volume) Underlining indicates amendments to bill. Strike out indicates matter stricken from the bill by amendment or deleted from the law by amendment. SENATE BILL 94 BY repealing Article - Tax - General Section 10-208(l) Annotated Code of Maryland (2022 Replacement Volume)

AI Summary

This bill increases the amount of a subtraction modification under the Maryland income tax for certain qualifying public safety volunteers, including members of bona fide Maryland police agencies, fire/rescue/emergency medical services organizations, auxiliary organizations, the United States Coast Guard Auxiliary, the Maryland Defense Force, and the Maryland Civil Air Patrol. The bill defines the requirements to qualify as a "public safety volunteer" and specifies the reporting and documentation needed to claim the subtraction modification, which is set at $10,000 for taxable years beginning after December 31, 2023.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

House Ways and Means Hearing (13:00:00 3/23/2023 ) (on 03/23/2023)

Taxonomy

Law, Crime, and Family Issues
  • ‐ Police, Fire, and Law Enforcement
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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