Legislation

Title: Income Tax - Subtraction Modification - Retirement Income and Task Force to Study Senior Emigration
Sponsored by: Senators Young, Feldman, Forehand, Jacobs, Jones-Rodwell, King, and Rosapepe
Status: In the Senate - Unfavorable Report by Budget and Taxation
Analysis: Fiscal and Policy Note

Synopsis

Increasing the maximum amount allowed as a subtraction modification under the State income tax for specified retirement income of an individual who is at least 70 years old or who is totally disabled; establishing a task force to study specified effects of State and local tax policies on senior emigration; applying the Act to taxable years after December 31, 2013; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0868

Introduced in a prior session as: SB0048 Session: 2013 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2014

Creates a Task Force or Commission

History

Legislation History
Chamber Senate Calendar Date 1/24/2014 Legislative Date 1/27/2014 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/29/2014 Legislative Date 1/29/2014 Action Hearing 2/05 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/14/2014 Legislative Date 2/17/2014 Action Unfavorable Report by Budget and Taxation Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/24/2014	1/27/2014	First Reading Budget and Taxation
Senate	1/29/2014	1/29/2014	Hearing 2/05 at 1:00 p.m.
Senate	2/14/2014	2/17/2014	Unfavorable Report by Budget and Taxation

Documents

Date Posted	Document Name
1/28/2014	Text - First - Income Tax - Subtraction Modification - Retirement Income and Task Force to Study Senior Emigration
2/14/2014	Vote - Senate - Committee - Budget and Taxation

File Code

Subjects

Statutes