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2014 Regular Session



Income Tax - Subtraction Modification - Retirement Income and Task Force to Study Senior Emigration

Sponsored by:

Senator Young


In the Senate - Unfavorable Report by Budget and Taxation

Synopsis:Increasing the maximum amount allowed as a subtraction modification under the State income tax for specified retirement income of an individual who is at least 70 years old or who is totally disabled; establishing a task force to study specified effects of State and local tax policies on senior emigration; applying the Act to taxable years after December 31, 2013; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Young, Feldman, Forehand, Jacobs, Jones-Rodwell, King, and Rosapepe
Additional Facts:Cross-filed with: HB0868
Introduced in a prior session as: SB0048 Session: 2013 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2014
Creates a Task Force or Commission
Budget and Taxation   View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Aging, Department of
Committees and Commissions -see also- Political Committees
Disabilities -see also- Blind; Deaf; Developmental
Elderly Persons
Income Tax
Retirement Systems -see also- Mandatory Retirement
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

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October 24, 2017 1:56 P.M.