SENATE BILL 967

File Code: Taxes - Income

Sponsored By:

Senator Muse

Entitled:

Income Tax - Subtraction Modification - Military Retirement Income

Synopsis:

Increasing the subtraction modification under the State income tax for military retirement income from $5,000 to the total amount of military retirement income received; applying the Act to taxable years beginning after December 31, 2006; etc.

History by Legislative and Calendar Date

Senate Action

2/28

First Reading Senate Rules

3/2

Re-referred Budget and Taxation

Hearing 3/20 at 1:00 p.m.

3/12

Hearing cancelled

Hearing 3/23 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

Armed Forces -see also- Militia

Exemptions

Income Tax

Retirement Systems -see also- Mandatory Retirement

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 )

Documents:

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

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered