Legislation

Title: Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Sponsored by: Senators Eckardt, Bates, and Salling
Status: In the Senate - Hearing 2/18 at 1:00 p.m.
Analysis: Fiscal and Policy Note

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, 2014; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0144

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber Senate Calendar Date 2/02/2015 Legislative Date 2/02/2015 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/04/2015 Legislative Date 2/04/2015 Action Hearing 2/18 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/02/2015	2/02/2015	First Reading Budget and Taxation
Senate	2/04/2015	2/04/2015	Hearing 2/18 at 1:00 p.m.

Documents

Date Posted	Document Name
2/03/2015	Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)

File Code

Subjects

Statutes