Bill
Bill > HB626
summary
Introduced
01/25/2024
01/25/2024
In Committee
01/25/2024
01/25/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Increasing, from $7,000 to $10,000, the amount of a subtraction modification under the Maryland income tax for an individual who is a qualifying public safety volunteer for a taxable year beginning after December 31, 2024; requiring each police agency to maintain certain records of the activities of each member of a police auxiliary or reserve, provide each member with a certain report on the preceding calendar year, and provide a certain report and certification that an individual qualified for the subtraction modification; etc.
AI Summary
This bill increases the amount of the Maryland income tax subtraction modification for qualifying public safety volunteers from $7,000 to $10,000 for taxable years beginning after December 31, 2024. It also requires police agencies to maintain records of the activities of police auxiliary or reserve members, provide members with a report on their qualification status, and submit a report to the state and Comptroller's office certifying which individuals qualified for the subtraction modification. The bill also establishes similar reporting requirements for fire, rescue, and emergency medical services organizations, as well as the United States Coast Guard Auxiliary, Maryland Defense Force, and Maryland Civil Air Patrol.
Committee Categories
Budget and Finance
Sponsors (10)
Stuart Schmidt (R)*,
Kevin Harris (D),
Shaneka Henson (D),
Jeff Long (D),
Nino Mangione (R),
Rachel Muñoz (R),
Ryan Nawrocki (R),
Andrew Pruski (D),
Kent Roberson (D),
Gary Simmons (D),
Last Action
House Ways and Means Hearing (13:00:00 2/15/2024 ) (on 02/15/2024)
Taxonomy
Law, Crime, and Family Issues
- ‐ Police, Fire, and Law Enforcement
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0626?ys=2024RS | 01/25/2024 |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0626f.pdf | 01/25/2024 |
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