Income Tax - Retirement Income Subtraction Modifications and Senior Credit (Retirement Tax Elimination Act of 2022)
What this bill does
Allowing a subtraction modification under the Maryland income tax for individuals who are at least 55 years of age for certain retirement income attributable to the individual's employment as a public safety employee; providing that retirement income of public safety employees that is included in the subtraction may not be taken into account for purposes of a subtraction modification under the Maryland income tax for certain retirement income; providing a tax credit against the Maryland income tax for a resident who is at least 65 years old; etc.
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 (13)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bresnahan, Tammy | AARP Maryland | Written (PDF) |
| FAV | Reichert-Price, Sarah | Allegany County Republican Women's Club | Written (PDF) |
| FAV | Dragics, DAVIDlobbyist | Ft. George G. Meade Chapter of the Military Officers Association of America (MOAA) | Oral + Written (PDF) |
| FAV | Mitchell, Jr., Keiffer | Governors Legislative Office | Written (PDF) |
| FAV | Voytek, Maddy | MD Chamber of Commerce | Written (PDF) |
| FAV | Guibao, Patricklobbyist | MD Military Coalition | Oral |
| FAV | May, Johnlobbyist | Maryland Military Coalition | Oral + Written (PDF) |
| FAV | Schwartz, Paul | NARFE | Oral + Written (PDF) |
| FAV | Mitchell, Keifferlobbyist | Individual | Oral |
| FAV | President, President | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| UNF | Schumitz, Kalilobbyist | Maryland Center on Economic Policy | Written (PDF) |
| FWA | Lucas, Julia | Individual | Oral |