SENATE BILL 399

Sponsored By:

Senator Stone

Entitled:

Income Tax - Subtraction Modification for Retirement Income - Rollovers to Individual Retirement Accounts

Synopsis:

Including income from specified retirement plans within a specified subtraction modification allowed under the Maryland income tax for specified retirement income under specified circumstances; providing for the application of the Act; and generally relating to an income tax subtraction modification for specified retirement income.

History by Legislative Date

Senate Action

1/30

First Reading Budget and Taxation

2/5

Hearing 2/13 at 1:30 p.m.

2/18

Favorable Report by Budget and Taxation

2/20

Favorable Report Adopted

Second Reading Passed

2/22

Third Reading Passed (39-0)

4/5

Returned Passed

5/15

Governor vetoed - Policy

House Action

2/25

First Reading Ways and Means

3/20

Hearing 3/27 at 1:00 p.m.

4/5

Favorable Report by Ways and Means

4/3

Favorable Report Adopted

Second Reading Passed

4/4

Third Reading Passed (133-0)

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 (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

February 22, 2002: Third Reading Passed (39-0)

House

April 4, 2002: Third Reading Passed (133-0)