Retirement Tax Reduction Act of 2020
Sponsor: PresidentCommittee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/05 at 2:00 p.m. (as of Nov 6, 2020)
What this bill does
Official synopsis
Allowing a subtraction modification under the Maryland income tax for up to $100,000 of income each year for individuals who are receiving certain benefits under the Social Security Act, or who are at least 65 years old and are not employed full-time; establishing certain limits on the subtraction modification for certain taxable years; prohibiting income included in certain subtraction modifications from being included under the subtraction modification; etc.
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Testimony (10)
MGA witness listFAV 5FavorableFWA 1Favorable with amendmentsUNF 4Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Streeter, Sherl | AARP MD | Oral + Written (PDF) |
| FAV | Palmer, Mathew | Governor's Office | Oral + Written (PDF) |
| FAV | Kramer, Janis | Maryland State Police Alumni Assoc. | Position only |
| FAV | DOYLE, ROBERT | NARFE | Oral + Written (PDF) |
| FAV | President, President | Individual | Position only |
| UNF | Kinnally, Kevin | MACo | Written (PDF) |
| UNF | zwerling, samanthalobbyist | msea | Written (PDF) |
| UNF | Levine, Stuart | Individual | Oral + Written (PDF) |
| UNF | Schumitz, Kalilobbyist | Individual | Written (PDF) |
| FWA | Dunmire, Melinda | MSBA Tax Law Section | Written (PDF) |