Legislation - HB0323

Title: Income Tax - Credit for Income Taxes and Penalties Due to Financial Exploitation
Sponsored by: Delegate Stewart
Status: In the House - Hearing 2/05 at 1:00 p.m.
Analysis

Synopsis

Allowing a credit against the State income tax for certain income taxes and penalties attributable to an early withdrawal of retirement funds due to financial exploitation; and applying the Act to all taxable years beginning after December 31, 2025.

Committees

Original:: Ways and Means

Details

Cross-filed with: SB0291

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 1/16/2026 Legislative Date 1/16/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Income Taxes and Penalties Due to Financial Exploitation Proceedings
Chamber House Calendar Date 1/19/2026 Legislative Date 1/19/2026 Action Hearing 2/05 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/16/2026	1/16/2026	First Reading Ways and Means
			Text - First - Income Tax - Credit for Income Taxes and Penalties Due to Financial Exploitation
House	1/19/2026	1/19/2026	Hearing 2/05 at 1:00 p.m.

File Code

Subjects

Statutes