SB0003

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Military Retirement Income

Sponsored by:

Senator Salling

Status:

In the Senate - Hearing 1/18 at 2:00 p.m.


Synopsis:Removing the limitation on the amount of military retirement income that may be subtracted from federal adjusted gross income for State income tax purposes; and applying the Act to taxable years beginning after December 31, 2016.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Salling, Simonaire, Waugh, Hershey, Edwards, Cassilly, Hough, Klausmeier, Ready, Astle, Eckardt, Bates, Reilly, Norman, Jennings, and Serafini
Additional Facts:Cross-filed with: HB0544
Introduced in a prior session as: SB0660 Session: 2016 Regular Session
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2017
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Armed Forces -see also- Military Department; Veterans
Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Veterans
Statutes:Article - Tax - General
(10-207)

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January 28, 2017 5:44 A.M.