MD SB422 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 19 2024 - 25% progression, died in committee
Action: 2024-01-25 - Hearing 1/31 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 19 2024 - 25% progression, died in committee
Action: 2024-01-25 - Hearing 1/31 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a subtraction modification under the Maryland income tax for certain foreign service retirement income received by an individual during the taxable year; providing that foreign service retirement income that is included in the subtraction allowed under the Act may not be taken into account for purposes of a certain subtraction modification under the Maryland income tax for certain retirement income; and applying the Act to all taxable years beginning after December 31, 2023.
Title
Income Tax - Subtraction Modification - Foreign Service Retirement Income
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-25 | Senate | Hearing 1/31 at 1:00 p.m. |
| 2024-01-19 | Senate | First Reading Budget and Taxation |
Subjects
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 |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0422?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0422f.pdf |
