Income Tax - Subtraction Modification - Losses From Theft or Fraud
Sponsor: Joe Vogel (District 17)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/04 at 1:00 p.m. (as of Dec 1, 2025)
What this bill does
Official synopsis
Allowing, subject to certain limitations, a subtraction modification under the Maryland income tax for certain personal casualty losses, meaning loss of property not connected with a trade or business or a transaction entered into for profit if the loss arises from theft or a fraud scheme; and applying the Act to taxable years beginning after December 31, 2024.
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Testimony (0)
MGA witness listFAV 7FavorableUNF 2UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Morgan, Karen | AARP | Oral + Written (PDF) |
| FAV | Moore, Tonaeyalobbyist | CASH Campaign of Maryland | Written (PDF) |
| FAV | Raskin, Jamie | Congress of the United States | Written (PDF) |
| FAV | Daigon, Glenn | Individual | Written (PDF) |
| FAV | Delegate Vogel, Delegate Vogellegislator | Individual | Oral |
| FAV | Lang, Alan | Individual | Position only |
| FAV | Vogel, Joe | Individual | Written (PDF) |
| UNF | Hawkins, Giavante | MSATP | Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| INFO | Fiore, Justin | Maryland Municipal League | Written (PDF) |