HB0558

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)

Sponsored by:

Delegate Krebs

Status:

In the House - Hearing 2/14 at 1:00 p.m.


Synopsis:Including income from specified retirement plans within a subtraction modification allowed under the Maryland income tax for retired individuals who are at least 65 years old or who are disabled or whose spouse is disabled; applying the Act to taxable years beginning after December 31, 2013; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Krebs, Afzali, Arentz, Boteler, Cluster, Eckardt, Elliott, Fisher, George, Haddaway-Riccio, Hogan, Hough, Jacobs, Kipke, McComas, McConkey, McDermott, W. Miller, Norman, O'Donnell, Otto, Ready, Schulz, Serafini, Stocksdale, Szeliga, Vitale, Weir, and Wood
Additional Facts:Introduced in a prior session as: HB1002 Session: 2013 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):Disabilities -see also- Blind; Deaf; Developmental
Elderly Persons
Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Statutes:

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October 24, 2017 1:50 P.M.