Income Tax - Subtraction Modification - COVID-19-Related Distribution of Retirement Income
Sponsor: Paul D. Corderman (District 2)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 3/03 at 1:00 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.
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Testimony (3)
MGA witness listFAV 2FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Corderman, Paul | Marylandf State Senate | Written (PDF) |
| FAV | Senator Corderman, Senator Cordermanlegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |