Legislation

Title: Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Sponsored by: Senators Eckardt, Bates, Hershey, and Mathias
Status: In the Senate - Hearing 2/10 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, 2015; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0158

Introduced in a prior session as: SB0194 Session: 2015 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2016

History

Legislation History
Chamber Senate Calendar Date 1/22/2016 Legislative Date 1/22/2016 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/27/2016 Legislative Date 1/27/2016 Action Hearing 2/10 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/22/2016	1/22/2016	First Reading Budget and Taxation
Senate	1/27/2016	1/27/2016	Hearing 2/10 at 1:00 p.m.

Documents

Date Posted	Document Name
1/26/2016	Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)

File Code

Subjects

Statutes