2013 Regular Session



Income Tax - Subtraction Modification - Individual Retirement Accounts

Sponsored by:

Delegate George


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
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

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:01 P.M.