SB0103

2013 Regular Session

 

Entitled:

Income Tax - Military Retirement Income

Sponsored by:

Senator Peters

Status:

In the House - First Reading House Rules and Executive Nominations


Synopsis:Altering the subtraction modification under the State income tax from $5,000 to $10,000 of military retirement income received for retirees at least 65 years old on the last day of the taxable year; and applying the Act to taxable years beginning after December 31, 2014.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Peters, Astle, Brinkley, Brochin, Colburn, Currie, DeGrange, Dyson, Edwards, Ferguson, Garagiola, Getty, Glassman, Jacobs, Jennings, King, Kittleman, Klausmeier, Manno, Mathias, McFadden, Middleton, Montgomery, Muse, Pipkin, Pugh, Ramirez, Raskin, Reilly, Robey, Rosapepe, Shank, Simonaire, Stone, Young, Zirkin, Kasemeyer, Jones-Rodwell, and Madaleno
Additional Facts:Introduced in a prior session as: SB0028 Session: 2012 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2014
Committee(s):
Budget and Taxation  Listen to Committee HearingRules and Executive Nominations
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)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:07 P.M.