Retirement Tax Reduction Act of 2021
Sponsor: SpeakerCommittee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/11 at 1:30 p.m. (as of Dec 1, 2021)
What this bill does
Official synopsis
Allowing a subtraction modification under the Maryland income tax for up to a certain amount each year for certain 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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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 (5)
MGA witness listFAV 4FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bresnahan, Tammy | AARP Maryland | Written (PDF) |
| FAV | Chiusano, Stephen | Individual | Oral |
| FAV | Keane, Alexandralobbyist | Individual | Written (PDF) |
| FAV | Speaker, Speaker | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |