| 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 | | *sb0059* |
|---|
| 6 | 6 | | |
|---|
| 7 | 7 | | SENATE BILL 59 |
|---|
| 8 | 8 | | Q3 5lr1449 |
|---|
| 9 | 9 | | SB 29/1SS07 – B&T (PRE–FILED) CF HB 183 |
|---|
| 10 | 10 | | By: Senator Rosapepe |
|---|
| 11 | 11 | | Requested: October 29, 2024 |
|---|
| 12 | 12 | | Introduced and read first time: January 8, 2025 |
|---|
| 13 | 13 | | Assigned to: Budget and Taxation |
|---|
| 14 | 14 | | |
|---|
| 15 | 15 | | A BILL ENTITLED |
|---|
| 16 | 16 | | |
|---|
| 17 | 17 | | AN ACT concerning 1 |
|---|
| 18 | 18 | | |
|---|
| 19 | 19 | | Income Tax – Resident 2 |
|---|
| 20 | 20 | | |
|---|
| 21 | 21 | | FOR the purpose of altering the definition of “resident” under the Maryland income tax 3 |
|---|
| 22 | 22 | | law; and generally relating to the Maryland income tax. 4 |
|---|
| 23 | 23 | | |
|---|
| 24 | 24 | | BY repealing and reenacting, with amendments, 5 |
|---|
| 25 | 25 | | Article – Tax – General 6 |
|---|
| 26 | 26 | | Section 10–101(k)(1)(i) 7 |
|---|
| 27 | 27 | | Annotated Code of Maryland 8 |
|---|
| 28 | 28 | | (2022 Replacement Volume and 2024 Supplement) 9 |
|---|
| 29 | 29 | | |
|---|
| 30 | 30 | | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 10 |
|---|
| 31 | 31 | | That the Laws of Maryland read as follows: 11 |
|---|
| 32 | 32 | | |
|---|
| 33 | 33 | | Article – Tax – General 12 |
|---|
| 34 | 34 | | |
|---|
| 35 | 35 | | 10–101. 13 |
|---|
| 36 | 36 | | |
|---|
| 37 | 37 | | (k) (1) “Resident” means: 14 |
|---|
| 38 | 38 | | |
|---|
| 39 | 39 | | (i) an individual, other than a fiduciary, who: 15 |
|---|
| 40 | 40 | | |
|---|
| 41 | 41 | | 1. is domiciled in this State on the last day of the taxable 16 |
|---|
| 42 | 42 | | year; or 17 |
|---|
| 43 | 43 | | |
|---|
| 44 | 44 | | 2. for more than [6] 3 months of the taxable year, maintained 18 |
|---|
| 45 | 45 | | a place of abode in this State, whether domiciled in this State or not; 19 |
|---|
| 46 | 46 | | 2 SENATE BILL 59 |
|---|
| 47 | 47 | | |
|---|
| 48 | 48 | | |
|---|
| 49 | 49 | | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 1 |
|---|
| 50 | 50 | | 1, 2025, and shall be applicable to all taxable years beginning after December 31, 2024. 2 |
|---|
| 51 | 51 | | |
|---|
| 52 | 52 | | |
|---|
| 53 | 53 | | |
|---|