2003 Regular Session

HOUSE BILL 404

File Code: Taxes - Income
Sponsored By:
Delegates Sossi, Barkley, Boschert, Costa, Impallaria, Smigiel, and Walkup
Entitled:
Income Tax - Subtraction for Retirement Income

Synopsis:

Increasing the maximum subtraction modification allowed under the income tax for specified retirement income of individuals who are at least a certain age or who are disabled or whose spouses are disabled, from an amount equal to the maximum annual benefit under the Social Security Act to an amount equal to twice the maximum annual benefit under the Social Security Act; and applying the Act to tax years after 2002.

History by Legislative Date

House Action
2/5
First Reading Ways and Means
Hearing 2/13 at 1:00 p.m.
3/10
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Richard Sossi, District 36
Delegate Charles E. Barkley, District 39
Delegate David G. Boschert, District 33A
Delegate Bob A. Costa, District 33B
Delegate Richard K. Impallaria, District 7
Delegate Michael D. Smigiel, Sr., District 36
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
SOCIAL SECURITY
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