EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTING LA W.
[Brackets] indicate matter deleted from existing law.
*sb0251*
SENATE BILL 251
Q3 2lr1224
SB 287/21 – B&T CF HB 186
By: Senator Hayes
Introduced and read first time: January 14, 2022
Assigned to: Budget and Taxation
A BILL ENTITLED
AN ACT concerning 1
Income Tax – Subtraction Modification for Centenarians 2
FOR the purpose of authorizing a subtraction modification under the Maryland income tax 3
for up to a certain amount of income received by an individual who is at least a 4
certain age; and generally relating to a subtraction modification under the Maryland 5
income tax for centenarians. 6
BY repealing and reenacting, without amendments, 7
Article – Tax – General 8
Section 10–207(a) 9
Annotated Code of Maryland 10
(2016 Replacement Volume and 2021 Supplement) 11
BY adding to 12
Article – Tax – General 13
Section 10–207(mm) 14
Annotated Code of Maryland 15
(2016 Replacement Volume and 2021 Supplement) 16
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 17
That the Laws of Maryland read as follows: 18
Article – Tax – General 19
10–207. 20
(a) To the extent included in federal adjusted gross income, the amounts under 21
this section are subtracted from the federal adjusted gross income of a resident to determine 22
Maryland adjusted gross income. 23
2 SENATE BILL 251
(MM) THE SUBTRACTION UNDER SUBSECTION (A) OF THIS SECTION INCL UDES 1
THE FIRST $50,000 OF INCOME RECEIVED B Y AN INDIVIDUAL DURI NG A TAXABLE 2
YEAR IF THE INDIVIDU AL IS AT LEAST 100 YEARS OLD ON THE LAS T DAY OF THE 3
TAXABLE YEAR . 4
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 5
1, 2022, and shall be applicable to all taxable years beginning after December 31, 2021. 6