MD SB486 | 2020 | Regular Session
Status
Spectrum: Strong Partisan Bill (Republican 15-1)
Status: Introduced on January 29 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/12 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 29 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/12 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing an individual to itemize deductions to compute Maryland taxable income whether or not the individual itemizes deductions on the individual's federal income tax return; providing that, for an individual who does not itemize deductions on the individual's federal income tax return, Maryland itemized deductions shall be determined as if an individual itemized deductions on the federal income tax return; and applying the Act to taxable years after December 31, 2019.
Title
Income Tax - Itemized Deductions
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-10 | Senate | Hearing 2/12 at 1:00 p.m. |
| 2020-02-10 | Senate | Hearing canceled |
| 2020-01-30 | Senate | Hearing 2/12 at 2:00 p.m. |
| 2020-01-29 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB788 (Crossfiled) 2020-02-05 - Hearing 2/21 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 217 | (n/a) | See Bill Text |
| Tax - General | 10 | 218 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0486?ys=2020RS |
| Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0486f.pdf |
