2002 Regular Session

SENATE BILL 163

File Code: Taxes - Income Crossfiled with: HOUSE BILL 53
Sponsored By:
Senators Astle, Colburn, DeGrange, Dorman, Dyson, Ferguson, Green, Hafer, Haines, Harris, Hooper, Jacobs, Mooney, Neall, Roesser, Sfikas, Stone, Teitelbaum, and Kittleman
Entitled:
Income Tax - Subtraction Modification - Military Retirement Income

Synopsis:

Increasing the amount of the subtraction modification under the Maryland income tax for military retirement income to 100% of the military retirement income received in a taxable year; removing requirements that the individual be at least 55 years old and have been an enlisted member at the time of retirement; removing income restrictions on the subtraction; applying the Act to taxable years beginning after December 31, 2001; etc.

History by Legislative Date

Senate Action
1/16
First Reading Budget and Taxation
Hearing 1/30 at 1:30 p.m.
2/18
Unfavorable Report by Budget and Taxation
House Action
No Action
Sponsored by:
Senator John C. Astle, District 30
Senator Richard F. Colburn, District 37
Senator James E. DeGrange, Sr., District 32
Senator Arthur Dorman, District 21
Senator Roy P. Dyson, District 29
Senator Timothy R. Ferguson, District 4
Senator Leo E. Green, District 23
Senator John J. Hafer, District 1
Senator Larry E. Haines, District 5
Senator Andrew P. Harris, District 9
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Robert H. Kittleman, Senator, District 14
Senator Alexander X. Mooney, District 3
Senator Robert R. Neall, District 33
Senator Jean W. Roesser, District 15
Senator Perry Sfikas, District 46
Senator Norman R. Stone, Jr., District 7
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
ARMED FORCES -see also- MILITIA
EXEMPTIONS
INCOME TAX
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
VETERANS
Bill affects the following Statutes:
Tax - General
( 10-207 , 10-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered