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2016 Regular Session



Income Tax - Subtraction Modification - Retirement Income

Sponsored by:

Senator Young


In the Senate - Hearing 2/10 at 1:00 p.m.

Synopsis:Increasing the maximum amount allowed as a subtraction modification under the State income tax for specified retirement income of a resident who is at least 70 years old or who is totally disabled or the resident's spouse is totally disabled; providing that the amount of the subtraction modification may not exceed specified amounts during specified taxable years; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Young
Additional Facts:Cross-filed with: HB0311
Introduced in a prior session as: SB0209 Session: 2015 Regular Session
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2016
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Disabilities -see also- Blind; Deaf; Developmental
Elderly Persons
Income Tax
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General

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October 24, 2017 5:07 P.M.