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HB 0917 - Income Tax - Subtraction Modification for Retirement Income
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Tracking Level: No Position
Sponsor: Delegate Jim Gilchrist, District 17
Last Action: 2/15/2012 - H Hearing 3/6 at 1:00 p.m.
House Committee: House Committee on Ways and Means
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-HB 917
2012 Regular Session

HOUSE BILL 917

File Code: Taxes - Income Crossfiled with: SENATE BILL 847
Sponsored By:
Delegates Gilchrist, Barkley, Cardin, Ivey, A. Miller, Myers, Schuh, and Serafini
Entitled:
Income Tax - Subtraction Modification for Retirement Income

Synopsis:

Altering the calculation of the maximum subtraction modification allowed under the Maryland income tax for specified retirement income under specified circumstances; including income from specified rollover individual retirement accounts in the subtraction modification under specified circumstances; applying the Act to tax years after 2011; etc.

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.
House Action
2/10
First Reading Ways and Means
2/15
Hearing 3/6 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Jim Gilchrist, District 17
Delegate Charles Barkley, District 39
Delegate Jon S. Cardin, District 11
Delegate Jolene Ivey, District 47
Delegate Aruna Miller, District 15
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Steven R. Schuh, District 31
Delegate Andrew A. Serafini, District 2A

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

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