2022 Regular SessionMaryland Legislature

SB251: Income Tax - Subtraction Modification for Centenarians

Legislative Summary

Authorizing a subtraction modification under the Maryland income tax for the first $100,000 of income received during a taxable year by an individual who is at least 100 years old; and applying the Act to taxable years beginning after December 31, 2021.

Demographic Impact

Overall analysis of equity impact

90% Positive
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Bill History

1/14/2022
First Reading Budget and Taxation
Senate
1/17/2022
Hearing 1/25 at 1:30 p.m.
Senate
1/21/2022
Hearing canceled
Senate
1/21/2022
Hearing 1/25 at 2:30 p.m.
Senate
3/16/2022
Favorable with Amendments Report by Budget and Taxation
Senate
3/16/2022
Favorable with Amendments {643926/1 Adopted
Senate
3/16/2022
Second Reading Passed with Amendments
Senate
3/17/2022
Third Reading Passed (46-0)
Senate
3/18/2022
Referred Ways and Means
House of Delegates
3/19/2022
Hearing 3/30 at 1:00 p.m.
House of Delegates

Amendments

Favorable with Amendments 643926/1 Adopted

Favorable with Amendments 643926/1 Adopted

3/16/2022Adopted

Roll Call Votes

Third Reading Passed
3/17/2022
46
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED

Status Information

Current Status
Engrossed(3/17/2022)
Chamber
House of Delegates
Committee
Ways and Means(House of Delegates)
Sine Die

Documents

Engrossed
Bill Text3/16/202288.3 KB
Introduced
Bill Text1/14/202279.7 KB