2001 Regular Session

HOUSE BILL 71

File Code: Taxes - Income
Sponsored By:
Delegates Boutin and Stern
Entitled:
Income Tax - Subtraction for Retirement Income

Synopsis:

Including income from specified retirement plans within the subtraction modification allowed under the income tax for individuals who are at least a specified age or who are disabled or have disabled spouses; altering the computation of the subtraction modification; reducing from 65 to 59 1/2 the minimum age at which an individual is eligible for the subtraction modification; and applying the Act to tax years after 2000.

History by Legislative Date

House Action
07/31
Pre-filed
1/10
First Reading Ways and Means
2/14
Hearing 3/1 at 1:00 p.m.
3/26
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Charles R. Boutin, District 34
Delegate Joan F. Stern, District 39
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