- Income Tax - Subtraction Modification - Retirement Income
- Sponsored by
- Delegates Brooks, Bagnall, D. Barnes, Bartlett, Cardin, Carey, Charkoudian, Fennell, Guyton, Harrison, Haynes, Hettleman, Holmes, Ivey, C. Jackson, Krebs, Lisanti, Mautz, McComas, Metzgar, Proctor, Qi, Valderrama, Walker, and P. Young
- In the House - Hearing 2/20 at 1:00 p.m.
- Fiscal and Policy Note
Including income from an individual retirement account or a certain annuity within a certain subtraction modification for certain retirement income if contributions to the individual retirement account or annuity consist entirely of the tax-free rollover of distributions from an employee retirement system; repealing a certain obsolete provision relating to a certain retirement plan; and applying the Act to all taxable years beginning after December 31, 2019.
Bill File Type: Regular
Effective Date(s): July 1, 2020
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Last Updated: 9/22/2020 2:01 PM