HOUSE BILL 286

File Code: Taxes - Income

Sponsored By:

Delegates Howard, R. Baker, Conroy, Conway, Healey, Palumbo, Patterson, Proctor, and Rawlings

Entitled:

Income Tax - Subtraction Modification 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; phasing out the limit on the maximum amount that may be subtracted from tax years 2001 to 2010; and applying the Act to tax years after 2000.

History by Legislative Date

House Action

1/26

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 Carolyn J. B. Howard, District 24

Delegate Rushern L. Baker, III, District 22B

Delegate Mary A. Conroy, District 23

Delegate Norman H. Conway, District 38

Delegate Anne Healey, District 22A

Delegate Richard A. Palumbo, District 22A

Delegate Obie Patterson, District 26

Delegate James E. Proctor, Jr., District 27A

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