HOUSE BILL 917

File Code: Taxes - Income Crossfiled with: SENATE BILL 847

Sponsored By:

Delegates Gilchrist, Barkley, Cardin, Ivey, A. Miller, Myers, Schuh, and Serafini

Entitled:

Income Tax - Subtraction Modification for Retirement Income

Synopsis:

Altering the calculation of the maximum subtraction modification allowed under the Maryland income tax for specified retirement income under specified circumstances; including income from specified rollover individual retirement accounts in the subtraction modification under specified circumstances; applying the Act to tax years after 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.

House Action

2/10

First Reading Ways and Means

2/15

Hearing 3/6 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Jim Gilchrist, District 17

Delegate Charles Barkley, District 39

Delegate Jon S. Cardin, District 11

Delegate Jolene Ivey, District 47

Delegate Aruna Miller, District 15

Delegate LeRoy E. Myers, Jr., District 1C

Delegate Steven R. Schuh, District 31

Delegate Andrew A. Serafini, District 2A

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

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered