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SB 11

Title: Income Tax - Subtraction Modification - Retirement Income
Author: Sen. Ronald Young (DEM-MD)

Summary
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.

Status
Pre-filed 07/18/2017
First Reading Budget and Taxation 01/10/2018
Hearing 1/31 at 2:30 p.m. 01/17/2018
Unfavorable Report by Budget and Taxation 02/12/2018

Bill Text
12/16/2017 - SB 11 (First+-+Income+Tax+-+Subtraction+Modification+-+Retirement+Income)

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Author Details


    Sen. Ronald Young (D-MD)
    State Senate

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    Capital Address:
    301 James Senate Office Building

    Annapolis, MD 21401
    Phone: (410) 841-3575

    District Address:
    253 E. Church St., Suite 100

    Frederick, MD 21701
    Phone: (301) 662-8520
    Fax:

 
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