SB0238

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)

Sponsored by:

Senator Eckardt

Status:

In the Senate - Hearing 2/08 at 1:00 p.m.


Synopsis:Including income from specified retirement plans within a subtraction modification allowed under the Maryland income tax for retired individuals who are at least 65 years old or who are disabled or whose spouse is disabled; applying the Act to taxable years beginning after December 31, 2016; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Eckardt, Bates, Cassilly, Hough, Norman, Ready, Salling, Serafini, and Waugh
Additional Facts:Introduced in a prior session as: SB0299 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General
(10-209)

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February 9, 2017 11:34 A.M.