MD HB455 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Republican 49-1)
Status: Introduced on January 29 2016 - 25% progression, died in committee
Action: 2016-02-25 - Hearing 2/25 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 29 2016 - 25% progression, died in committee
Action: 2016-02-25 - Hearing 2/25 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing, from $1,000 to $5,000, the exemption allowed under the State income tax for an individual that is not a fiduciary and is at least 65 years old on the last day of a taxable year; phasing in the increase over 4 taxable years; etc.
Title
Income Tax Exemption Amount - Elderly Individuals
Sponsors
History
Date | Chamber | Action |
---|---|---|
2016-02-25 | House | Hearing 2/25 at 1:00 p.m. |
2016-01-29 | House | First Reading Ways and Means |