Legislation - SB0370

Title: Income Tax Subtraction Modification – Military and Public Safety Retirement Income
Sponsored by: Senator Peters
Status: In the Senate - Hearing 2/02 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

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

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0951

Introduced in a prior session as: SB0488 Session: 2020 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2021, July 1, 2022, July 1, 2023

History

Legislation History
Chamber Senate Calendar Date 1/15/2021 Legislative Date 1/15/2021 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Subtraction Modification – Military and Public Safety Retirement Income Proceedings
Chamber Senate Calendar Date 1/18/2021 Legislative Date 1/18/2021 Action Hearing 2/02 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/15/2021	1/15/2021	First Reading Budget and Taxation
			Text - First - Income Tax Subtraction Modification – Military and Public Safety Retirement Income
Senate	1/18/2021	1/18/2021	Hearing 2/02 at 1:00 p.m.

File Code

Subjects

Statutes