MD SB49 | 2023 | Regular Session
Note: Carry Over of previous SB123
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-12 - Hearing 1/19 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-12 - Hearing 1/19 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Including income from an individual retirement account or a certain annuity within a certain subtraction modification for certain retirement income if contributions to the individual retirement account or annuity consist entirely of the tax-free rollover of distributions from an employee retirement system; and applying the Act to all taxable years beginning after December 31, 2022.
Title
Income Tax - Subtraction Modification - Retirement Income
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-12 | Senate | Hearing 1/19 at 1:30 p.m. |
| 2023-01-11 | Senate | First Reading Budget and Taxation |
| 2022-11-18 | Senate | Pre-filed |
Same As/Similar To
SB123 (Carry Over) 2022-01-31 - Hearing 2/23 at 1:00 p.m.
Subjects
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/SB0049?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0049f.pdf |
