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Legislation


1999 Regular Session

HOUSE BILL 365

File Code: Income
Sponsored By:
Delegates Hixson and Hurson
Entitled:
Income Tax - Subtraction for Retirement Income

Synopsis:

Including income from a qualified retirement plan within the subtraction modification allowed under the income tax for specified retirement income of an individual who is at least 65 years old or who is totally disabled or whose spouse is totally disabled; altering the computation of the amount allowed to the subtraction; and applying the Act to tax years after 1998.

History by Legislative Date

House Action
2/8
First Reading Ways and Means
2/10
Hearing 3/2 at 11:00 a.m.
2/17
Hearing cancelled
Hearing 3/2 at 1:00 p.m.
3/29
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Sheila Ellis Hixson, District 20
Delegate John Adams Hurson, District 18
Bill indexed under the following Subjects:
DISABILITIES -see also- BLIND PERS; DEAF PERS. DEV. DISABL
ELDERLY PERSONS
EXEMPTIONS
INCOME TAX
INVESTMENTS -see also- SECURITIES
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
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