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Legislation


1999 Regular Session

HOUSE BILL 558

File Code: Income
Sponsored By:
Delegates Cryor, Baldwin, Benson, Burns, Conroy, Conway, DeCarlo, Dembrow, Dypski, Eckardt, Heller, Howard, Kagan, La Vay, Marriott, Pitkin, Shank, and Walkup
Entitled:
Income Tax - Credit for Retired Teachers Working as Teachers at an Entry Level Salary

Synopsis:

Allowing retired teachers working as teachers after retirement to claim a credit against the State income tax for a portion of the difference between the amount paid to the retired teacher as a retirement allowance and the salary paid to the retired teacher; limiting the credit to 80% of the difference for the first taxable year and 60% of the difference for the succeeding 4 taxable years; and providing for the application of the Act.

History by Legislative Date

House Action
2/11
First Reading Ways and Means
2/24
Hearing 3/18 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Jean B. Cryor, District 15
Delegate Robert C. Baldwin, District 33
Delegate Joanne C. Benson, District 24
Delegate Emmett C. Burns, Jr., District 10
Delegate Mary A. Conroy, District 23
Delegate Norman H. Conway, District 38
Delegate Diane DeCarlo, District 6
Delegate Dana Lee Dembrow, District 20
Delegate Cornell N. Dypski, District 46
Delegate Adelaide C. Eckardt, District 37B
Delegate Henry B. Heller, District 19
Delegate Carolyn J. B. Howard, District 24
Delegate Cheryl C. Kagan, District 17
Delegate Richard La Vay, District 15
Delegate Salima Siler Marriott, District 40
Delegate Joan B. Pitkin, District 23
Delegate Christopher B. Shank, District 2B
Delegate Mary Roe Walkup, District 36
Bill indexed under the following Subjects:
INCOME TAX
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
TAX CREDITS -see also- CIRCUIT BREAKER
TEACHERS
Bill affects the following Statute:
Tax - General
( 10-712 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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