HOUSE BILL 475

File Code: Taxes - Income

Sponsored By:

Delegates Howard, Palumbo, Healey, Rawlings, and Conway

Entitled:

Income Tax - Subtraction Modification for Retirement Income

Synopsis:

Including income from qualified retirement plans as defined in the Internal Revenue Code within the subtraction modification for retirement income allowed under the income tax for individuals who are at least 65 years old or who are disabled or whose spouse is disabled; altering the computation of the subtraction modification; and applying the Act to all taxable years beginning after December 31, 1999.

History by Legislative Date

House Action

2/4

First Reading Ways and Means

2/9

Hearing 2/23 at 11:00 a.m.

3/8

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Carolyn J. B. Howard, District 24

Delegate Norman H. Conway, District 38

Delegate Anne Healey, District 22A

Delegate Richard A. Palumbo, District 22A

Delegate Howard P. Rawlings, District 40

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