Maryland 2022 Regular Session

Maryland House Bill HB1472 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4	[Brackets] indicate matter deleted from existing law.
5	5	hb1472
6	6
7	7	HOUSE BILL 1472
8	8	Q3 2lr3085
9	9	CF SB 122
10	10	By: Delegate Patterson
11	11	Introduced and read first time: February 27, 2022
12	12	Assigned to: Rules and Executive Nominations
13	13
14	14	A BILL ENTITLED
15	15
16	16	AN ACT concerning 1
17	17
18	18	Income Tax – Subtraction Modification – Volunteer Fire, Rescue, and 2
19	19	Emergency Medical Services 3
20	20
21	21	FOR the purpose of increasing the amount of a subtraction modification under the 4
22	22	Maryland income tax for certain qualifying volunteer fire, rescue, and emergency 5
23	23	medical services members beginning in a certain taxable year; and generally relating 6
24	24	to a subtraction modification under the Maryland income tax for qualifying volunteer 7
25	25	fire, rescue, and emergency medical services members. 8
26	26
27	27	BY repealing and reenacting, without amendments, 9
28	28	Article – Tax – General 10
29	29	Section 10–208(a) and (i–1)(1) 11
30	30	Annotated Code of Maryland 12
31	31	(2016 Replacement Volume and 2021 Supplement) 13
32	32
33	33	BY repealing and reenacting, with amendments, 14
34	34	Article – Tax – General 15
35	35	Section 10–208(i–1)(3) 16
36	36	Annotated Code of Maryland 17
37	37	(2016 Replacement Volume and 2021 Supplement) 18
38	38
39	39	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 19
40	40	That the Laws of Maryland read as follows: 20
41	41
42	42	Article – Tax – General 21
43	43
44	44	10–208. 22
45	45
46	46	(a) In addition to the modification under § 10–207 of this, the amounts under this 23
47	47	section are subtracted from the federal adjusted gross income of a resident to determine 24
48	48	Maryland adjusted gross income. 25 2 HOUSE BILL 1472
49	49
50	50
51	51
52	52	(i–1) (1) The subtraction under subsection (a) of this section includes an amount 1
53	53	equal to the amount specified in paragraph (3) of this subsection if an individual is a 2
54	54	qualifying volunteer fire, rescue, or emergency medical services member for the taxable 3
55	55	year, as determined under paragraph (2) of this subsection. 4
56	56
57	57	(3) The amount of the subtraction under paragraph (1) of this subsection is 5
58	58	equal to: 6
59	59
60	60	(i) $4,750 for a taxable year beginning after December 31, 2017, but 7
61	61	before January 1, 2019; 8
62	62
63	63	(ii) $5,000 for a taxable year beginning after December 31, 2018, but 9
64	64	before January 1, 2020; 10
65	65
66	66	(iii) $6,000 for a taxable year beginning after December 31, 2019, but 11
67	67	before January 1, 2021; 12
68	68
69	69	(iv) $6,500 for a taxable year beginning after December 31, 2020, but 13
70	70	before January 1, 2022; [and] 14
71	71
72	72	(v) $7,000 for a taxable year beginning after December 31, 2021, 15
73	73	BUT BEFORE JANUARY 1, 2023; AND 16
74	74
75	75	(VI) $10,000 FOR A TAXABLE YEAR B EGINNING AFTER 17
76	76	DECEMBER 31, 2022. 18
77	77
78	78	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 19
79	79	1, 2022. 20
80	80