SENATE BILL 877

Sponsored By:

Senators Kittleman and Astle

Entitled:

Income Tax - Subtraction Modification - Military Retirement Income

Synopsis:

Altering the subtraction modification under the Maryland income tax for military retirement income over a specified period of time; providing that retirement income that is included in the subtraction for military retirement income may not be taken into account for purposes of a specified subtraction modification for individuals who are at least 65 years old, totally disabled, or whose spouse is totally disabled; and applying the Act to tax years beginning after December 31, 2004.

History by Legislative Date

Senate Action

2/24

First Reading Senate Rules

2/27

Re-referred Budget and Taxation

3/17

Hearing 3/30 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator Robert H. Kittleman, District 9

Senator John C. Astle, District 30

Bill indexed under the following Subjects:

ARMED FORCES -see also- MILITIA

DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL

ELDERLY PERSONS

EXEMPTIONS

INCOME TAX

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 , 10-209 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered