HB0422

2013 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Individual Retirement Accounts

Sponsored by:

Delegate George

Status:

In the House - Hearing 3/12 at 1:00 p.m.


Synopsis:Allowing a subtraction modification of up to $8,000 under the State income tax for retirement income from an individual retirement account or annuity under § 408 of the Internal Revenue Code or a Roth individual retirement account under § 408A of the Internal Revenue Code; applying the Act to taxable years beginning after December 31, 2012; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate George
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General
(10-207)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:01 P.M.