2002 Regular Session

HOUSE BILL 589

File Code: Taxes - Income Prior Year Introduction As: HB 71/01 - W&M
Sponsored By:
Delegates Boutin, W. Baker, Boschert, DeCarlo, Dypski, Edwards, Greenip, Howard, Klausmeier, Klima, La Vay, Love, Minnick, Mohorovic, O'Donnell, Patterson, Ports, Redmer, Rzepkowski, Shank, Snodgrass, Stocksdale, Stull, Turner, Vallario, and Walkup
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 2001.

History by Legislative Date

House Action
2/4
First Reading Ways and Means
2/6
Hearing 2/21 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Charles R. Boutin, District 34
Delegate Wheeler R. Baker, District 36
Delegate David G. Boschert, District 33
Delegate Diane DeCarlo, District 6
Delegate Cornell N. Dypski, District 46
Delegate George C. Edwards, District 1A
Delegate Janet Greenip, District 33
Delegate Carolyn J. B. Howard, District 24
Delegate Katherine Klausmeier, District 8
Delegate Martha S. Klima, District 9A
Delegate Richard La Vay, District 15
Delegate Mary Ann E. Love, District 32
Delegate Joseph J. Minnick, District 7
Delegate Jacob J. Mohorovic, Jr., District 7
Delegate Anthony J. O'Donnell, District 29C
Delegate Obie Patterson, District 26
Delegate James F. Ports, Jr., District 8
Delegate Alfred W. Redmer, Jr., District 8
Delegate James E. Rzepkowski, District 32
Delegate Christopher B. Shank, District 2B
Delegate Louise V. Snodgrass, District 3
Delegate Nancy R. Stocksdale, District 5
Delegate Paul S. Stull, District 4A
Delegate Frank S. Turner, District 13A
Delegate Joseph F. Vallario, Jr., District 27A
Delegate Mary Roe Walkup, District 36
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