Income Tax - Subtraction Modification - COVID-19-Related Distribution of Retirement Income
Sponsor: Wayne A. Hartman (District 38C)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/04 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 taxable years 2020, 2021, and 2022 for income that is the result of certain COVID-19-related distributions of retirement income during certain taxable years; prohibiting the subtraction from exceeding $100,000 in a taxable year; 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 (2)
MGA witness listFAV 1FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Delegate Hartman, Delegate Hartmanlegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |