2009 Regular Session

SENATE BILL 527

File Code: Taxes - Income Prior Year Introduction As: HB 999/08 - W&M Crossfiled with: HOUSE BILL 158
Sponsored By:
Senators Kramer, DeGrange, Forehand, Kasemeyer, Madaleno, Munson, Peters, Robey, and Zirkin
Entitled:
Fairness in Taxation for Retirees Act

Synopsis:

Including income from specified retirement plans within a subtraction modification allowed under the Maryland income tax for retired individuals who are at least 65 years old or who are disabled or whose spouse is disabled; applying the Act to taxable years beginning after December 31, 2008; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/5
First Reading Budget and Taxation
2/11
Hearing 2/25 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Rona E. Kramer, District 14
Senator James E. DeGrange, Sr., District 32
Senator Jennie M. Forehand, District 17
Senator Edward J. Kasemeyer, District 12
Senator Richard S. Madaleno, Jr., District 18
Senator Donald F. Munson, District 2
Senator Douglas J. J. Peters, District 23
Senator James N. Robey, District 13
Senator Bobby A. Zirkin, District 11

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