2008 Regular Session

SENATE BILL 625

File Code: Taxes - Income Prior Year Introduction As: SB 967/07
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; providing for a delayed effective date; applying the Act to taxable years beginning after December 31, 2009; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
2/1
First Reading Budget and Taxation
2/20
Hearing 3/5 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
Veterans

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