Legislation

Title: Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Sponsored by: Senators Eckardt, Bates, Cassilly, Hough, Norman, Ready, Salling, Serafini, and Waugh
Status: In the Senate - Hearing 2/08 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, 2016; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: SB0299 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 1/20/2017 Legislative Date 1/20/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act) Proceedings
Chamber Senate Calendar Date 1/25/2017 Legislative Date 1/25/2017 Action Hearing 2/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/20/2017	1/20/2017	First Reading Budget and Taxation
			Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Senate	1/25/2017	1/25/2017	Hearing 2/08 at 1:00 p.m.

File Code

Subjects

Statutes