Legislation

Title: Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Sponsored by: Senators Eckardt, Bates, Edwards, Guzzone, Hershey, Hough, Jennings, and Serafini
Status: In the Senate - Withdrawn by Sponsor
Analysis: Fiscal and Policy Note

Synopsis

Including income from certain retirement plans within a subtraction modification allowed under the Maryland income tax for certain retired individuals or individuals who are disabled or whose spouse is disabled; repealing an obsolete reference to a certain provision relating to a rollover individual retirement account; applying the Act to taxable years beginning after December 31, 2017; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: SB0238 Session: 2017 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber Senate Calendar Date 2/05/2018 Legislative Date 2/05/2018 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 2/07/2018 Legislative Date 2/07/2018 Action Hearing 3/07 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/15/2018 Legislative Date 3/15/2018 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/05/2018	2/05/2018	First Reading Budget and Taxation
			Text - First - Income Tax Subtraction Modification - Retirement Income (Fairness in Taxation for Retirees Act)
Senate	2/07/2018	2/07/2018	Hearing 3/07 at 1:00 p.m.
Senate	3/15/2018	3/15/2018	Withdrawn by Sponsor

File Code

Subjects

Statutes