Legislation

Title: Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Sponsored by: Delegates Krebs, Cassilly, Cluster, Impallaria, Jacobs, Kipke, McKay, Metzgar, W. Miller, Szeliga, Vogt, and B. Wilson
Status: In the House - Unfavorable Report by Ways and Means
Analysis: Fiscal and Policy Note

Synopsis

Including income from specified retirement plans within a subtraction modification allowed under the Maryland income tax for retired individuals who are at least 65 years old or who are disabled or whose spouse is disabled; applying the Act to taxable years beginning after December 31, 2014; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0194

Introduced in a prior session as: HB0558 Session: 2014 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber House Calendar Date 1/27/2015 Legislative Date 1/28/2015 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/29/2015 Legislative Date 1/29/2015 Action Hearing 2/10 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/11/2015 Legislative Date 3/12/2015 Action Unfavorable Report by Ways and Means Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/27/2015	1/28/2015	First Reading Ways and Means
House	1/29/2015	1/29/2015	Hearing 2/10 at 1:00 p.m.
House	3/11/2015	3/12/2015	Unfavorable Report by Ways and Means

Documents

Date Posted	Document Name
1/28/2015	Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
3/12/2015	Vote - House - Committee - Ways and Means

File Code

Subjects

Statutes