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SB 0028 - Income Tax - Military Retirement Income
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Tracking Level: No Position
Sponsor: Senator Douglas J. J. Peters, District 23
Last Action: 1/18/2012 - S Hearing 2/1 at 3:00 p.m.
Senate Committee: Senate Committee on Budget and Taxation
Assigned To:
AndreaNext Bill
Taxes and RevenuesNext Bill

Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-SB 28
2012 Regular Session

SENATE BILL 28

File Code: Taxes - Income Prior Year Introduction As: SB 190/11 - B&T Crossfiled with: HOUSE BILL 315
Sponsored By:
Senators Peters, Astle, Klausmeier, Garagiola, DeGrange, Rosapepe, King, Ramirez, Montgomery, Colburn, Kittleman, Stone, Manno, and Edwards
Entitled:
Income Tax - Military Retirement Income

Synopsis:

Increasing the maximum amount for a subtraction modification under the State income tax for military retirement income from $5,000 to $10,000 of military retirement income received; providing for a delayed effective date; and applying the Act to taxable years beginning after December 31, 2013.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
9/8
Pre-filed
1/11
First Reading Budget and Taxation
1/18
Hearing 2/1 at 3:00 p.m.
House Action
No Action

Sponsored by:

Senator Douglas J. J. Peters, District 23
Senator John C. Astle, District 30
Senator Richard F. Colburn, District 37
Senator James E. DeGrange, Sr., District 32
Senator George C. Edwards, District 1
Senator Rob Garagiola, District 15
Senator Nancy J. King, District 39
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator Roger P. Manno, District 19
Senator Karen S. Montgomery, District 14
Senator Victor R. Ramirez, District 47
Senator Jim Rosapepe, District 21
Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Armed Forces -see also- Militia; Veterans
Exemptions
Income Tax
Retirement Systems -see also- Mandatory Retirement
Veterans

Bill affects the following Statutes:

Tax - General
( 10-207 , 10-207 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered