HOUSE BILL 618

File Code: Taxes - Income Prior Year Introduction As: HB 734/01 - W&M

Sponsored By:

Delegates Ports and Redmer

Entitled:

Income Tax - Subtraction for Retirement Income

Synopsis:

Reducing from 65 to 62 years the minimum age at which an individual is eligible for a subtraction modification under the Maryland income tax for specified retirement income; 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 James F. Ports, Jr., District 8

Delegate Alfred W. Redmer, Jr., District 8

Bill indexed under the following Subjects:

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