Income Tax - Subtraction Modification - Military Retirement
Sponsor: Delegate CharlesCommittee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/09 at 1:00 p.m. (as of Nov 9, 2023)
What this bill does
Official synopsis
Allowing a subtraction modification under the Maryland income tax for the first $20,000 of military retirement income received by an individual during the taxable year if the individual has received a determination of a 100% service-connected disability from the U.S. Department of Veterans Affairs; and applying the Act to all taxable years beginning after December 31, 2022.
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Testimony (3)
MGA witness listFAV 3Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Hawkins, Giavante | MSATP | Written (PDF) |
| FAV | Delegate Charles, Delegate Charleslegislator | Individual | Oral |
| FAV | Jackson, Senator Michael | Individual | Written (PDF) |
Organizations on record
MSATPFAV 1