2012 Regular Session


File Code: Taxes - Income
Sponsored By:
Delegates Serafini, Dwyer, Glass, Ready, Afzali, Barve, Boteler, Cardin, Frick, George, Hixson, Howard, Ivey, Kaiser, Luedtke, A. Miller, Myers, Rosenberg, Ross, Stukes, F. Turner, and Walker
Income Tax - Subtraction Modification - Credit Card Debt Forgiveness


Allowing an individual a subtraction modification under the Maryland income tax for income from the cancellation of consumer credit card debt unless the individual's federal adjusted gross income exceeds $50,000 for an individual or $80,000 for a married couple filing a joint return; providing that the amount of the subtraction modification may not exceed $5,000 for an individual or $8,000 for a married couple filing a joint return; applying the Act to tax years after 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
First Reading Ways and Means
Hearing 2/28 at 1:00 p.m.

Favorable with Amendments Report by Ways and Means
Favorable with Amendments {945568/1 Report Adopted
Second Reading Passed with Amendments
Third Reading Passed (132-0)
Senate Action
First Reading Budget and Taxation
Hearing 4/4 at 1:00 p.m.

Sponsored by:

Delegate Andrew A. Serafini, District 2A
Delegate Kathy Afzali, District 4A
Delegate Kumar P. Barve, District 17
Delegate Joseph C. Boteler, III, District 8
Delegate Jon S. Cardin, District 11
Delegate Don H. Dwyer, Jr., District 31
Delegate C. William Frick, District 16
Delegate Ron George, District 30
Delegate Glen Glass, District 34A
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Delegate Jolene Ivey, District 47
Delegate Anne R. Kaiser, District 14
Delegate Eric G. Luedtke, District 14
Delegate Aruna Miller, District 15
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Justin Ready, District 5A
Delegate Samuel I. Rosenberg, District 41
Delegate Justin D. Ross, District 22
Delegate Melvin L. Stukes, District 44
Delegate Frank S. Turner, District 13
Delegate Jay Walker, District 26

Bill indexed under the following Subjects:

Debt Management
Income Tax

Bill affects the following Statutes:

Tax - General
( 10-207 , 10-207 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Number: 945568/01     Offered on: March 24, 2012   at: 5:22 p.m.     Status: Adopted
Committee Votes :
Ways and Means
Roll Call Vote (Legislative date is shown):
March 22, 2012: Third Reading Passed (132-0)