|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ROBERT L. EHRLICH, JR., Governor Ch. 226
(4) AN AMENDED ESTATE TAX RETURN IS NOT FILED AS REQUIRED
UNDER TITLE 7 OF THIS ARTICLE:
[(4)] (5) an incomplete return is filed: or
[(5)] (6) a report of federal adjustment is not filed within the period
required under § 13-409 of this title.
(c) If a report of federal adjustment is filed within the time required under §
13-409 of this title, the tax collector shall assess the financial institution franchise
tax [or], income tax, OR ESTATE TAX within 1 year after the date on which the tax
collector receives the report.
(d) (1) Subject to the provisions of paragraph (2) of this subsection, an
assessment of income tax OR ESTATE TAX arising out of an amended return shall be
made within 3 years after the date that the amended return is filed.
(2) An assessment of income tax under paragraph (1) of this subsection
shall be related to changes made by the amended items in the return.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2006, and shall be applicable to decedents dying after December 31, 2005.
Approved May 2, 2006.
|
|
|
|
|
|
|
|
|
|
CHAPTER 226
(Senate Bill 22)
AN ACT concerning
Income Tax Subtraction Modification Military Retirement Income
Retired Military and Senior Citizen Tax Reduction Act of 2006
Income Tax - Subtraction Modification - Military Retirement Income
FOR the purpose of altering a certain subtraction modification under the Maryland
income tax for military retirement income over a certain period of time;
providing that retirement income that is included in a certain subtraction
modification may not be taken into account for purposes of a certain subtraction
modification allowed under the income tax for certain individuals who are at
least a certain age or who are disabled or have disabled spouses; altering the
amount allowed as a deduction under the Maryland income tax for additional
exemptions under the Maryland income tax for certain individuals who an of the
last day of the taxable year are blind or at least a certain age; reducing a certain
amount allowed as a deduction under certain circumstances based on the
amount that certain income exceeds a certain amount; repealing certain
obsolete provisions of law;
of this Act; and generally relating to a subtraction modification for the Maryland
income taxation of certain blind and elderly individual and military retirement
income.
- 1335 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
