Income Tax - Subtraction Modification - Retirement Income
Sponsor: Delegate KrebsCommittee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/06 at 1:00 p.m. (as of Nov 6, 2020)
What this bill does
Official synopsis
Including certain income reported on an Internal Revenue Service form 1099-R, or its successor, within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years of age or who are disabled or whose spouse is disabled; applying the Act to taxable years beginning after December 31, 2019; etc.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (4)
MGA witness listFAV 3FavorableFWA 1Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Beard, Jerry | MACPA member | Oral + Written (PDF) |
| FAV | Kramer, Janis | Maryland State Police Alumni Assoc, | Position only |
| FAV | Delegate Krebs, Delegate Krebslegislator | Individual | Oral + Written (PDF) |
| FWA | Steinwedel, Sandy | MSATP | Written (PDF) |