MD SB486 | 2020 | Regular Session

Status

Spectrum: Strong Partisan Bill (Republican 15-1)
Status: Introduced on January 29 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/12 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing an individual to itemize deductions to compute Maryland taxable income whether or not the individual itemizes deductions on the individual's federal income tax return; providing that, for an individual who does not itemize deductions on the individual's federal income tax return, Maryland itemized deductions shall be determined as if an individual itemized deductions on the federal income tax return; and applying the Act to taxable years after December 31, 2019.

Tracking Information

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Title

Income Tax - Itemized Deductions

Sponsors


History

DateChamberAction
2020-02-10SenateHearing 2/12 at 1:00 p.m.
2020-02-10SenateHearing canceled
2020-01-30SenateHearing 2/12 at 2:00 p.m.
2020-01-29SenateFirst Reading Budget and Taxation

Same As/Similar To

HB788 (Crossfiled) 2020-02-05 - Hearing 2/21 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10217(n/a)See Bill Text
Tax - General10218(n/a)See Bill Text

Maryland State Sources


Bill Comments

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