2007 Regular Session

HOUSE BILL 776

CHAPTER NUMBER: 433
File Code: Taxes - Income
Sponsored By:
Delegate O'Donnell
Entitled:
Income Tax Withholding - Distributions from Deferred Compensation Plans, Retirement Plans, and Annuities

Synopsis:

Defining the term "annuity, sick pay, or retirement distribution" for the purposes of specified income tax withholding provisions; providing for income tax withholding from distributions from specified deferred compensation plans, retirement plans, and annuities; providing that income tax is not required to be withheld from distributions from specified deferred compensation plans, retirement plans, and annuities unless the employee makes a specified request; etc.

History by Legislative and Calendar Date

House Action
2/9
First Reading Ways and Means
2/14
Hearing 3/15 at 1:00 p.m.
3/22
Favorable Report by Ways and Means
3/19
Favorable Report Adopted
Second Reading Passed
3/20
Third Reading Passed (137-0)
4/1
Returned Passed
Senate Action
3/23
First Reading Budget and Taxation
3/27
Hearing 3/30 at 1:00 p.m.
4/5
Favorable Report by Budget and Taxation
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (47-0)
Action after passage in House and Senate
5/8
Approved by the Governor
- Chapter 433

Bill indexed under the following Subjects:

Income Tax
Retirement Systems -see also- Mandatory Retirement
Work, Labor and Employment -see also- Col Barg; Holiday; etc

Bill affects the following Statutes:

Tax - General
( 10-905 , 10-905 , 10-905 , 10-907 , 10-908 , 10-908 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 20, 2007: Third Reading Passed (137-0)
Senate
April 2, 2007: Third Reading Passed (47-0)