summary
Introduced
01/11/2023
01/11/2023
In Committee
04/05/2023
04/05/2023
Crossed Over
03/16/2023
03/16/2023
Passed
04/08/2023
04/08/2023
Dead
Signed/Enacted/Adopted
05/08/2023
05/08/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Income Tax - Subtraction Modification - Union Dues FOR the purpose of allowing a subtraction modification under the Maryland income tax for certain union dues paid during the taxable year; and generally relating to a subtraction modification under the Maryland income tax for the payment of union dues. BY repealing and reenacting, without amendments, Article - Tax - General Section 10-208(a) 10-207(a) Annotated Code of Maryland (2022 Replacement Volume) BY adding to Article - Tax - General Section 10-208(cc) 10-207(oo) Annotated Code of Maryland (2022 Replacement Volume)
AI Summary
This bill allows for a subtraction modification under the Maryland income tax for the amount of union dues paid by an individual during the taxable year, prior to January 1, 2018, without regard to the limitation imposed by the Internal Revenue Code. This means that individuals can deduct the full amount of their union dues from their state income taxes, rather than being subject to a limitation. The bill applies to all taxable years beginning after December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Approved by the Governor - Chapter 513 (on 05/08/2023)
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