MD HB674 | 2024 | Regular Session
Note: Carry Over of previous HB125
Status
Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on January 25 2024 - 25% progression, died in committee
Action: 2024-01-25 - Hearing 2/15 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2024 - 25% progression, died in committee
Action: 2024-01-25 - Hearing 2/15 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years of age or who are disabled or whose spouse is disabled; altering the maximum amount of the subtraction modification for certain taxable years; repealing a limitation on the maximum amount of the subtraction modification; applying the Act to all taxable years beginning after December 31, 2023; etc.
Title
Income Tax - Subtraction Modification - Retirement Income
Sponsors
| Del. Robin Grammer [R] | Del. Lauren Arikan [R] | Del. Brian Chisholm [R] | Del. Mark Fisher [R] |
| Del. Nicholaus Kipke [R] | Del. Matt Morgan [R] | Del. Ryan Nawrocki [R] | Del. Kathy Szeliga [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-25 | House | Hearing 2/15 at 1:00 p.m. |
| 2024-01-25 | House | First Reading Ways and Means |
Same As/Similar To
HB125 (Carry Over) 2023-01-16 - Hearing 2/02 at 1:00 p.m.
Subjects
Comptroller
Elderly Persons
Exemptions
Income Tax
Physically Disabled Persons
Retirement
Spouses
Taxes - Income
Elderly Persons
Exemptions
Income Tax
Physically Disabled Persons
Retirement
Spouses
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 209 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0674?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0674f.pdf |
