HOUSE BILL 406

Sponsored By:

Delegates Ports and Redmer

Entitled:

Income Tax - Subtraction for Retirement Income

Synopsis:

Including income from specified retirement plans within the subtraction modification allowed under the income tax for individuals who are at least 65 years old or who are disabled or have disabled spouses; and applying the Act to tax years after 2001.

History by Legislative Date

House Action

1/28

First Reading Ways and Means

2/6

Hearing 2/21 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate James F. Ports, Jr., District 8

Delegate Alfred W. Redmer, Jr., District 8

Bill indexed under the following Subjects:

DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL

ELDERLY PERSONS

EXEMPTIONS

INCOME TAX

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

Bill affects the following Statute:

Tax - General

( 10-209 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered