HOUSE BILL 1129

Sponsored By:

Delegates Krebs and Walker

Entitled:

Fairness in Taxation for Retirees Act

Synopsis:

Including income from specified retirement plans within a subtraction modification allowed under the Maryland income tax for retired individuals who are at least 65 years old or who are disabled or whose spouse is disabled; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

House Action

2/10

First Reading Ways and Means

2/15

Hearing 3/9 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Susan W. Krebs, District 9B

Delegate Jay Walker, District 26

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, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered