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MD HB713
MD HB713Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
summary
Introduced
01/26/2024
01/26/2024
In Committee
01/26/2024
01/26/2024
Crossed Over
Passed
Dead
04/08/2024
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)
bill text
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0713?ys=2024RS |
BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0713f.pdf |
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