MD HB440 | 2013 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: Introduced on January 28 2013 - 25% progression, died in committee
Action: 2013-03-12 - Hearing 3/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Increasing the maximum amount allowed as a subtraction modification under the State income tax for specified retirement income of an individual who is at least 70 years old or who is totally disabled; reducing the maximum amount of retirement income allowed as a subtraction modification by the amount of Social Security benefits received; providing that the amount of the subtraction modification may not exceed specified amounts during specified taxable years; applying the Act to taxable years after December 31, 2012; etc.

Tracking Information

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Title

Income Tax - Subtraction Modification - Retirement Income

Sponsors


History

DateChamberAction
2013-03-12HouseHearing 3/12 at 1:00 p.m.
2013-01-28HouseFirst Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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