2000 Regular Session

HOUSE BILL 465

File Code: Taxes - Income Prior Year Introduction As: HB 365/99 - W&M
Sponsored By:
Delegates Finifter, Morhaim, Taylor, Mohorovic, Hubers, Nathan-Pulliam, Patterson, Kach, Ports, Carlson, Phillips, DeCarlo, Dewberry, A. Jones, Cryor, Minnick, Klausmeier, Weir, Malone, J. Kelly, Bozman, Klima, Redmer, and Zirkin
Entitled:
Income Tax - Subtraction for Retirement Income

Synopsis:

Including income from a qualified retirement plan within the subtraction modification allowed under the income tax for specified retirement income of an individual who is at least 65 years old or who is totally disabled or whose spouse is totally disabled; altering the computation of the amount allowed to the subtraction; and applying the Act to tax years after 1999.

History by Legislative Date

House Action
2/4
First Reading Ways and Means
2/8
Hearing 2/17 at 2:30 p.m.
3/8
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Michael J. Finifter, District 11
Delegate K. Bennett Bozman, District 38
Delegate Paul H. Carlson, District 39
Delegate Jean B. Cryor, District 15
Delegate Diane DeCarlo, District 6
Delegate Thomas E. Dewberry, District 47B
Delegate Nancy M. Hubers, District 6
Delegate Adrienne A. Jones, District 10
Delegate Wade Kach, District 9A
Delegate James M. Kelly, District 9B
Delegate Katherine Klausmeier, District 8
Delegate Martha S. Klima, District 9A
Delegate James E. Malone, Jr., District 12A
Delegate Joseph J. Minnick, District 7
Delegate Jacob J. Mohorovic, Jr., District 7
Delegate Dan K. Morhaim, District 11
Delegate Shirley Nathan-Pulliam, District 10
Delegate Obie Patterson, District 26
Delegate Wendell F. Phillips, District 41
Delegate James F. Ports, Jr., District 8
Delegate Alfred W. Redmer, Jr., District 8
Delegate Casper R. Taylor, Jr., District 1C
Delegate Michael H. Weir, District 6
Delegate Robert A. Zirkin, District 11
Bill indexed under the following Subjects:
DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL
ELDERLY PERSONS
EXEMPTIONS
INCOME TAX
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
Bill affects the following Statute:
Tax - General
( 10-209 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered