HB0586

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Retire in Maryland Act of 2016

Sponsored by:

Delegate Fisher

Status:

In the House - Hearing 2/23 at 1:00 p.m.


Synopsis:Including income from specified retirement plans and unearned income sources within a subtraction modification allowed under the Maryland income tax for specified individuals who are at least 65 years old or who are disabled or whose spouse is disabled; repealing the limitation on the maximum amount allowed as a subtraction modification under the State income tax for specified retirement income; applying the Act to taxable years after December 31, 2015; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Fisher, Arentz, Aumann, Buckel, Carozza, Cluster, Folden, Glass, Grammer, Hornberger, S. Howard, Kipke, Kittleman, Mautz, McComas, McConkey, McDonough, McKay, Morgan, O'Donnell, Parrott, Reilly, Rey, Rose, Saab, and B. Wilson
Additional Facts:Introduced in a prior session as: HB0960 Session: 2015 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Disabilities -see also- Blind; Deaf; Developmental
Exemptions
Income Tax
Interest
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General
(10-209)

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October 24, 2017 5:00 P.M.