SB0512

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax - Subtraction Modification - Military Compensation

Sponsored by:

Senator Waugh

Status:

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


Synopsis:Increasing, from $15,000 to $22,500, the amount of a certain subtraction modification under the State income tax for certain military compensation attributable to active service outside the United States; reducing the subtraction by a certain amount if the amount of compensation received by the individual exceeds $22,500; applying the Act to taxable years beginning after December 31, 2017; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Waugh, Astle, Bates, Cassilly, Currie, Eckardt, Hough, Klausmeier, Manno, Mathias, Peters, Salling, Simonaire, Smith, Young, and Zucker
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Armed Forces -see also- Military Department; Veterans
Exemptions
Income Tax
Salaries and Compensation -see also- Overtime; Reimb. Rates
Statutes:Article - Tax - General
(10-207)

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February 15, 2018 10:08 A.M.