HB0585

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

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

Sponsored by:

Delegate Krebs

Status:

In the House - Hearing 2/14 at 1:00 p.m.


Synopsis:Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years of age or who are disabled or whose spouse is disabled; repealing a certain obsolete provision relating to a rollover individual retirement account; and applying the Act to all taxable years beginning after December 31, 2017.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Krebs, Carozza, Kittleman, Mautz, McComas, Miele, W. Miller, Morgan, Rose, and Shoemaker
Additional Facts:Introduced in a prior session as: HB0195 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Ways and Means  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)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


February 15, 2018 12:21 P.M.