EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*sb0251*
SENATE BILL 251
Q3 2lr1224
SB 287/21 – B&T CF HB 186
By: Senator Hayes Senators Hayes, Corderman, Eckardt, Edwards, Elfreth,
Griffith, Guzzone, Jackson, King, McCray, Rosapepe, Salling, Young, and
Zucker
Introduced and read first time: January 14, 2022
Assigned to: Budget and Taxation
Committee Report: Favorable with amendments
Senate action: Adopted
Read second time: March 4, 2022
CHAPTER ______
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 2 SENATE BILL 251
10–207. 1
(a) To the extent included in federal adjusted gross income, the amounts under 2
this section are subtracted from the federal adjusted gross income of a resident to determine 3
Maryland adjusted gross income. 4
(MM) THE SUBTRACTION UNDER SUBSE CTION (A) OF THIS SECTION INCL UDES 5
THE FIRST $50,000 $100,000 OF INCOME RECEIVED B Y AN INDIVIDUAL DURI NG A 6
TAXABLE YEAR IF THE INDIVIDUAL IS AT LEA ST 100 YEARS OLD ON THE LAS T DAY OF 7
THE TAXABLE YEAR . 8
SECTION 2. AND BE IT FURTHER ENAC TED, That this Act shall take effect July 9
1, 2022, and shall be applicable to all taxable years beginning after December 31, 2021. 10
Approved:
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Governor.
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President of the Senate.
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Speaker of the House of Delegates.