Income Tax - Subtraction Modification for Centenarians
Sponsor: Antonio Hayes (District 40)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 3/30 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Authorizing a subtraction modification under the Maryland income tax for the first $100,000 of income received during a taxable year by an individual who is at least 100 years old; and applying the Act to taxable years beginning after December 31, 2021.
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Testimony (7)
MGA witness listFAV 7Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bresnahan, Tammy | AARP Maryland | Oral + Written (PDF) |
| FAV | Bresnahan, Tammy | AARP Maryland | Written (PDF) |
| FAV | Kraska, MJ | Maryland Catholic Conference | Written (PDF) |
| FAV | Kraska, MJ | Maryland Catholic Conference | Written (PDF) |
| FAV | Hayes, Antonio | Individual | Written (PDF) |
| FAV | Senator Hayes, Senator Hayeslegislator | Individual | Oral |
| FAV | Senator Hayes, Senator Hayeslegislator | Individual | Oral |