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HB 499

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Income Tax - Subtraction Modification - Retirement Income

Sponsor: Robin L. Grammer, Jr. (District 6)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/16 at 1:00 p.m. (as of Nov 15, 2022)

What this bill does

Official synopsis

Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years or who are disabled or whose spouse is disabled; altering the maximum amount of the subtraction modification beginning in taxable year 2022; providing that income included in certain subtraction modifications may not be taken into account for purposes of the subtraction modification for retirement income; etc.

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Testimony (6)

MGA witness list
FAV 4FavorableUNF 2Unfavorable
PositionWitnessOrganizationTestimony
FAVPlaut, ArilobbyistBoston Plaut Attorneys at LawPosition only
FAVDoyle, RobertMD Federation of NARFE SLCOral + Written (PDF)
FAVGoldberg, RobertNARFE MarylandWritten (PDF)
FAVDelegate Grammer, Delegate GrammerlegislatorIndividualOral
UNFKinnally, KevinMaryland Association of Counties (MACo)Written (PDF)
UNFSchumitz, KalilobbyistMaryland Center on Economic PolicyWritten (PDF)

Organizations on record

Registered lobbyists who testified

FAVPlaut, AriBoston Plaut Attorneys at LawRegistered for: ADT, LLC dba ADT Security Services; Altria Client Services LLC and its Affiliates - Philip Morris USA Inc., John Middleton Co., U.S. Smokeless Tobacco Co., Helix Innovations LLC & NJOY, LLC; Amazon.com Services, Inc c/o Frank D. Boston III, Attorney at Law; Baltimore City Fraternal Order of Police Lodge 3; CoinFlip; Crown MD Online Gaming LLC
UNFSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy