Legislation

Title: Income Tax - Subtraction Modification - Military Compensation
Sponsored by: Senators Waugh, Astle, Bates, Cassilly, Currie, Eckardt, Hough, Klausmeier, Manno, Mathias, Peters, Salling, Simonaire, Smith, Young, and Zucker
Status: In the Senate - Hearing 2/14 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Increasing, from $15,000 to $22,500, the amount of a certain subtraction modification under the State income tax for certain military compensation attributable to active service outside the United States; reducing the subtraction by a certain amount if the amount of compensation received by the individual exceeds $22,500; applying the Act to taxable years beginning after December 31, 2017; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber Senate Calendar Date 1/29/2018 Legislative Date 1/29/2018 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Military Compensation Proceedings
Chamber Senate Calendar Date 1/31/2018 Legislative Date 1/31/2018 Action Hearing 2/14 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/29/2018	1/29/2018	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Military Compensation
Senate	1/31/2018	1/31/2018	Hearing 2/14 at 1:00 p.m.

File Code

Subjects

Statutes