HB0738

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Military Retirement Income - Individuals at Least 65 Years Old

Sponsored by:

Delegate Wilson, C.

Status:

In the House - Hearing 3/01 at 1:00 p.m.


Synopsis:Altering a subtraction modification under the State income tax for specified military retirement income for individuals who are at least 65 years old from $10,000 to $15,000; and applying the Act to all taxable years beginning after December 31, 2015.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate C. Wilson
Additional Facts:Cross-filed with: SB0293
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):Armed Forces -see also- Military Department; Veterans
Elderly Persons
Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Veterans
Statutes:Article - Tax - General
(10-207)

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March 1, 2016 5:31 P.M.