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2017 Regular Session



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

Sponsored by:

Senator Peters


In the House - Hearing 3/29 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, 2016.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Peters, Astle, Benson, Cassilly, Currie, DeGrange, Edwards, Guzzone, Kagan, Kelley, King, Klausmeier, Manno, Mathias, Middleton, Muse, Ready, Rosapepe, Simonaire, Smith, Young, Zucker, Eckardt, Ferguson, Kasemeyer, Madaleno, McFadden, Norman, Serafini, and Salling
Additional Facts:Cross-filed with: HB1389
Introduced in a prior session as: SB0293 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Armed Forces -see also- Military Department; Veterans
Elderly Persons -see also- Vulnerable Adults
Income Tax
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General

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November 28, 2017 1:10 P.M.