SB0143

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Income Tax - Military Retirement Income

Sponsored by:

Senator Peters

Status:

In the House - Hearing 3/25 at 1:00 p.m.


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; applying the Act to taxable years beginning after December 31, 2013; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Peters, Astle, Benson, Brinkley, Brochin, Colburn, Conway, Currie, DeGrange, Dyson, Edwards, Feldman, Ferguson, Forehand, Frosh, Getty, Glassman, Hershey, Jacobs, Jennings, Jones-Rodwell, Kasemeyer, King, Kittleman, Klausmeier, Madaleno, Manno, Mathias, McFadden, Middleton, Miller, Montgomery, Muse, Pinsky, Pugh, Ramirez, Raskin, Reilly, Robey, Rosapepe, Shank, Simonaire, Stone, Young, and Zirkin
Additional Facts:Cross-filed with: HB0353
Introduced in a prior session as: SB0103 Session: 2013 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2014
Committee(s):
Budget and Taxation   View Committee HearingWays and Means   View Committee Hearing
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:

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Legislative Lingo

Explanation of Floor Motions and Actions


October 2, 2015 9:05 A.M.