Title: Income Tax - Subtraction Modification - Retirement Income
Author: Sen. Ronald Young (DEM-MD)
Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals; altering the calculation of the subtraction modification; increasing the maximum amount of the subtraction modification allowed for certain taxable years; and prohibiting an individual from qualifying for the subtraction if the total income from all qualified plans for the taxable year exceeds $100,000.
First Reading Budget and Taxation
Hearing 1/31 at 2:30 p.m.
Unfavorable Report by Budget and Taxation
12/16/2017 - SB 11 (First+-+Income+Tax+-+Subtraction+Modification+-+Retirement+Income)