Retirement Tax Reduction Act of 2022
Sponsor: Stephen S. Hershey, Jr. (District 36)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/23 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Allowing individuals with less than $100,000 of federal adjusted gross income a subtraction modification under the Maryland income tax if the individual is receiving old age or survivor Social Security benefits or is at least 65 years old and not employed full-time; providing that the subtraction modification may not include income that is included under another 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 (9)
MGA witness listFAV 8FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bresnahan, Tammy | AARP Maryland | Oral + Written (PDF) |
| FAV | Reichert-Price, Sarah | Allegany County Republican Women's Club | Written (PDF) |
| FAV | Fickus, Daniel | Fraternal Order of Police | Oral |
| FAV | Voytek, Maddy | MD Chamber of Commerce | Written (PDF) |
| FAV | Schwartz, Paul | NARFE | Oral + Written (PDF) |
| FAV | Matthews, Dakota | Rural Maryland Council | Written (PDF) |
| FAV | Hershey, Steve | Individual | Oral + Written (PDF) |
| FAV | Senator Hershey, Senator Hersheylegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |