1999 Regular Session

SENATE BILL 183

File Code: Income Prior Year Introduction As: HB 770/95 - W&M
Sponsored By:
Senators Stone, Blount, Colburn, Collins, Conway, Dyson, Exum, Ferguson, Haines, Jacobs, Kelley, Teitelbaum, Della, and Sfikas
Entitled:
Income Tax - Retirement Income

Synopsis:

Reducing from 65 to 62 years the minimum age at which an individual is eligible for a subtraction modification under the Maryland income tax for specified retirement income; and applying the Act to tax years after 1998.

History by Legislative Date

Senate Action
1/29
First Reading Budget and Taxation
2/10
Hearing 2/24 at 1:30 p.m.
3/15
Unfavorable Report by Budget and Taxation
House Action
No Action
Sponsored by:
Senator Norman R. Stone, Jr., District 7
Senator Clarence W. Blount, District 41
Senator Richard F. Colburn, District 37
Senator Michael J. Collins, District 6
Senator Joan Carter Conway, District 43
Senator George W. Della, Jr., District 47
Senator Roy P. Dyson, District 29
Senator Nathaniel Exum, District 24
Senator Timothy R. Ferguson, District 4
Senator Larry E. Haines, District 5
Senator Nancy Jacobs, District 34
Senator Delores G. Kelley, District 10
Senator Perry Sfikas, District 46
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
ELDERLY PERSONS
EXEMPTIONS
INCOME TAX
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
Bill affects the following Statutes:
State Government
( 9-914 )
Tax - General
( 10-209 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered