MD SB717 | 2024 | Regular Session
Note: Carry Foward to future HB1390
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-02-01 - Hearing 2/14 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-02-01 - Hearing 2/14 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing, subject to certain limitations, a subtraction modification under the Maryland income tax for certain personal casualty losses related to a theft or fraud scheme; and applying the Act to taxable years beginning after December 31, 2023.
Title
Income Tax - Subtraction Modification - Losses From Theft or Fraud
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-01 | Senate | Hearing 2/14 at 1:00 p.m. |
| 2024-01-31 | Senate | First Reading Budget and Taxation |
Same As/Similar To
SB717 (Carry Over) 2024-02-01 - Hearing 2/14 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 208 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0717?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0717f.pdf |
