HOUSE BILL 629

Sponsored By:

Delegates Rawlings and Palumbo

Entitled:

Income Tax - Subtraction Modification for Retirement Income

Synopsis:

Including income from a qualified retirement plan, as defined, within the subtraction modification allowed under the income tax for individuals who are least 65 years old or who are disabled or whose spouse is disabled; and applying the Act to tax years after 1999.

History by Legislative Date

House Action

2/9

First Reading Ways and Means

Hearing 2/23 at 11:00 a.m.

3/8

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Howard P. Rawlings, District 40

Delegate Richard A. Palumbo, District 22A

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, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered