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]
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.
Title
Income Tax - Subtraction Modification - Retirement Income
Sponsors
Del. Shawn Tarrant [D] | Del. Frank Conaway [D] | Del. Patrick Hogan [R] | Del. Dan Morhaim [D] |
Del. James Proctor [D] | Del. Melvin Stukes [D] | Del. Frank Turner [D] |
History
Date | Chamber | Action |
---|---|---|
2013-03-12 | House | Hearing 3/12 at 1:00 p.m. |
2013-01-28 | House | First Reading Ways and Means |