SENATE BILL 466

Sponsored By:

Senators Stone and Astle

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

2/2

First Reading Budget and Taxation

2/8

Hearing 2/15 at 1:00 p.m.

2/10

Hearing cancelled

Hearing 2/15 at 12:30 p.m.

House Action

No Action

Sponsored by:

Senator Norman R. Stone, Jr., District 6

Senator John C. Astle, District 30

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 (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered