Legislation

Title: Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Sponsored by: Delegates Krebs, Carozza, Kittleman, Mautz, McComas, Miele, W. Miller, Morgan, Rose, and Shoemaker
Status: In the House - Hearing 2/14 at 1:00 p.m.
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years of age or who are disabled or whose spouse is disabled; repealing a certain obsolete provision relating to a rollover individual retirement account; and applying the Act to all taxable years beginning after December 31, 2017.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Introduced in a prior session as: HB0195 Session: 2017 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 1/29/2018 Legislative Date 1/29/2018 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/29/2018 Legislative Date 1/29/2018 Action Hearing 2/14 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/29/2018	1/29/2018	First Reading Ways and Means
House	1/29/2018	1/29/2018	Hearing 2/14 at 1:00 p.m.
			Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)

File Code

Subjects

Statutes