HOUSE BILL 279

File Code: Taxes - Income

Sponsored By:

Delegate Edwards

Entitled:

Income Tax - Subtraction for Retirement Income

Synopsis:

Including income from individual retirement accounts or annuities, rollover individual retirement accounts, and simplified employee pensions within a subtraction modification allowed under the income tax for specified individuals who are at least 65 years old or who are disabled or have disabled spouses; and applying the Act to tax years after 2001.

History by Legislative Date

House Action

1/23

First Reading Ways and Means

2/6

Hearing 2/21 at 1:00 p.m.

Senate Action

No Action

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