2001 Regular Session

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