HOUSE BILL 664

File Code: Taxes - Income

Sponsored By:

Delegate Heller

Entitled:

Income Tax - Subtraction Modification for Teachers' Retirement Income

Synopsis:

Providing an income tax subtraction modification for 100% of retirement income received by an individual that is attributable to employment as a public school teacher in the State; providing that retirement income that is included in the subtraction may not be taken into account for purposes of a specified income tax subtraction modification for individuals who are at least a certain age or who are disabled or have disabled spouses; applying the Act to tax years after 2005; etc.

History by Legislative Date

House Action

2/2

First Reading Ways and Means

3/1

Hearing 3/17 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

EXEMPTIONS

INCOME TAX

PUBLIC SCHOOLS

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

TEACHERS

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 , 10-209 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered