HOUSE BILL 59

File Code: Taxes - Income

Sponsored By:

Delegate Boschert

Entitled:

Income Tax - Subtraction Modification for Retirement Income

Synopsis:

Altering the computation of a specified subtraction modification for specified retirement income allowed for residents of the State who are at least 65 years old or who are totally disabled or whose spouse is totally disabled; and providing for the application of the Act to specified taxable years subject to specified contingencies.

History by Legislative Date

House Action

11/12

Pre-filed

1/14

First Reading Ways and Means

3/10

Hearing 3/19 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

COMPTROLLER

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