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MD HB713

MD HB713
Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55


summary

Introduced
01/26/2024
In Committee
01/26/2024
Crossed Over
Passed
Dead
04/08/2024

Introduced Session

2024 Regular Session

Bill Summary

Increasing the amount of a subtraction modification from $12,500 to $20,000 under the Maryland income tax for military retirement income for individuals who are under the age of 55 years; and applying the Act to all taxable years beginning after December 31, 2023.

AI Summary

This bill increases the amount of a subtraction modification from $12,500 to $20,000 under the Maryland income tax for military retirement income for individuals who are under the age of 55 years. The bill applies to all taxable years beginning after December 31, 2023.

Committee Categories

Budget and Finance

Sponsors (40)

Mike Griffith (R)* Chris Adams (R),  Nick Allen (D),  Carl Anderton (R),  Lauren Arikan (R),  Dalya Attar (D),  Terry Baker (R),  Christopher Bouchat (R),  Jason Buckel (R),  Brian Chisholm (R),  Barrie Ciliberti (R),  Kris Fair (D),  April Fleming Miller (R),  Jeff Ghrist (R),  Robin Grammer (R),  Wayne Hartman (R),  Shaneka Henson (D),  Jim Hinebaugh (R),  Kevin Hornberger (R),  Seth Howard (R),  Tom Hutchinson (R),  Andre Johnson (D),  Steve Johnson (D),  Dana Jones (D),  Nic Kipke (R),  Bob Long (R),  Nino Mangione (R),  Susan McComas (R),  Matt Morgan (R),  Todd Morgan (R),  Rachel Muñoz (R),  Ryan Nawrocki (R),  Jesse Pippy (R),  Teresa Reilly (R),  Mike Rogers (D),  April Rose (R),  Stuart Schmidt (R),  Josh Stonko (R),  Chris Tomlinson (R),  William Valentine (R), 

Last Action

House Ways and Means Hearing (13:00:00 2/15/2024 ) (on 02/15/2024)

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