2007 Regular Session

SENATE BILL 753

File Code: Taxes - Income
Sponsored By:
Senators Muse, Britt, Lenett, Peters, Pugh, Raskin, Robey, and Rosapepe
Entitled:
Income Tax - Subtraction Modification - Retirement Income

Synopsis:

Including income from specified retirement plans within a subtraction modification allowed under the income tax for retired individuals who are at least 65 years old or who are disabled or whose spouse is disabled; repealing the annual limit on the amount of the subtraction modification; applying the Act to taxable years beginning after December 31, 2006; etc.

History by Legislative and Calendar Date

Senate Action
2/12
First Reading Senate Rules
2/16
Re-referred Budget and Taxation
2/28
Hearing 3/20 at 1:00 p.m.
3/12
Hearing cancelled
Hearing 3/23 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator C. Anthony Muse, District 26
Senator Gwendolyn Britt, District 47
Senator Mike Lenett, District 19
Senator Douglas J. J. Peters, District 23
Senator Catherine E. Pugh, District 40
Senator Jamie Raskin, District 20
Senator James N. Robey, District 13
Senator Jim Rosapepe, District 21

Bill indexed under the following Subjects:

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 (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered