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2014 Regular Session



Income Tax - Military Retirement Income

Sponsored by:

Delegate Aumann


In the House - Hearing 2/18 at 1:00 p.m.

Synopsis:Altering the subtraction modification under the State income tax from $5,000 to $10,000 of military retirement income received for retirees at least 65 years old on the last day of the taxable year; applying the Act to taxable years beginning after December 31, 2013; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Aumann, Afzali, Arentz, Bates, Beitzel, Boteler, Bromwell, Cardin, Clagett, Cluster, DeBoy, Frank, Hogan, Jacobs, Kach, Krebs, McComas, McDermott, Myers, Norman, Schuh, Schulz, Serafini, Stifler, Stocksdale, Szeliga, and Weir
Additional Facts:Cross-filed with: SB0143
Bill File Type: Regular
Effective Date(s): July 1, 2014
Ways and Means   View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Armed Forces -see also- Militia; Veterans
Income Tax
Retirement Systems -see also- Mandatory Retirement

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October 24, 2017 1:49 P.M.