MD SB370 | 2021 | Regular Session
Note: Carry Foward to future SB130
Note: Carry Over of previous SB488
Note: Carry Over of previous SB488
Status
Spectrum: Slight Partisan Bill (Democrat 9-4)
Status: Engrossed on March 22 2021 - 50% progression, died in committee
Action: 2021-03-24 - Referred Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 22 2021 - 50% progression, died in committee
Action: 2021-03-24 - Referred Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
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.
Title
Income Tax Subtraction Modification – Military and Public Safety Retirement Income
Sponsors
Roll Calls
2021-03-22 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-03-24 | House | Referred Ways and Means |
| 2021-03-22 | Senate | Third Reading Passed (46-0) |
| 2021-03-22 | Senate | Second Reading Passed with Amendments |
| 2021-03-22 | Senate | Favorable with Amendments {509439/1 Adopted |
| 2021-03-19 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2021-01-18 | Senate | Hearing 2/02 at 1:00 p.m. |
| 2021-01-15 | Senate | First Reading Budget and Taxation |
Same As/Similar To
SB370 (Carry Over) 2021-03-24 - Referred Ways and Means
SB488 (Carry Over) 2020-03-15 - Referred Ways and Means
HB951 (Crossfiled) 2021-02-02 - Hearing 2/18 at 1:30 p.m.
SB488 (Carry Over) 2020-03-15 - Referred Ways and Means
HB951 (Crossfiled) 2021-02-02 - Hearing 2/18 at 1:30 p.m.
Subjects
Armed Forces
Correctional Officers
Emergency Medical Services
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Retirement
Taxes - Income
Veterans
Correctional Officers
Emergency Medical Services
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Retirement
Taxes - Income
Veterans
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 207 | (n/a) | See Bill Text |
| Tax - General | 10 | 209 | (n/a) | See Bill Text |
