HB0503

2013 Regular Session

 

Entitled:

Income Tax - Military Retirement Income

Sponsored by:

Delegate Proctor

Status:

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


Synopsis:Increasing the maximum amount for a subtraction modification under the State income tax for military retirement income from $5,000 to $10,000 of military retirement income received; and applying the Act to taxable years beginning after December 31, 2014.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Proctor, Minnick, Aumann, Barkley, Bates, Beidle, Bohanan, Boteler, Burns, Cane, DeBoy, Dwyer, Feldman, Frush, Gaines, George, Glass, Hogan, Holmes, Howard, Hucker, Impallaria, Kaiser, Love, McHale, McMillan, Myers, O'Donnell, Sophocleus, Valentino-Smith, Vallario, Waldstreicher, and Wood
Additional Facts:Introduced in a prior session as: HB0634 Session: 2012 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2014
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Armed Forces -see also- Militia; Veterans
Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Veterans
Statutes:Article - Tax - General
(10-207)

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October 2, 2015 9:09 A.M.