MD SB488 | 2020 | Regular Session

Note: Carry Foward to future SB370

Status

Spectrum: Slight Partisan Bill (Democrat 8-4)
Status: Engrossed on March 14 2020 - 50% progression, died in committee
Action: 2020-03-15 - Referred Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Increasing the amount of a subtraction modification under the Maryland income tax to $20,000 for certain military retirement income for individuals who are at least 55 years old; increasing the amount of a subtraction modification under the Maryland income tax to $10,000 for certain retirement income attributable to an individual's employment as a correctional officer, a law enforcement officer, or a fire, rescue, or emergency services worker if the individual is at least 55 years old; etc.

Tracking Information

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Title

Income Tax - Subtraction Modification - Military and Public Safety Retirement Income

Sponsors


Roll Calls

2020-03-14 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2020-03-15HouseReferred Ways and Means
2020-03-14SenateThird Reading Passed (45-0)
2020-03-13SenateSecond Reading Passed with Amendments
2020-03-13SenateFavorable with Amendments {609933/1 Adopted
2020-03-13SenateFavorable with Amendments Report by Budget and Taxation
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

SB488 (Carry Over) 2020-03-15 - Referred Ways and Means

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10207(n/a)See Bill Text
Tax - General10209(n/a)See Bill Text

Maryland State Sources


Bill Comments

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