SB0299

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

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

Sponsored by:

Senator Eckardt

Status:

In the Senate - Hearing 2/10 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, 2015; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Eckardt, Bates, Hershey, and Mathias
Additional Facts:Cross-filed with: HB0158
Introduced in a prior session as: SB0194 Session: 2015 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Disabilities -see also- Blind; Deaf; Developmental
Elderly Persons
Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - Tax - General
(10-209)

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October 24, 2017 5:08 P.M.