Income Tax - Subtraction Modification - Individuals At Least 75 Years Old (Diamond Income Reduction Act)
Sponsor: Benjamin Brooks (District 10)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/08 at 1:00 p.m. (as of Nov 9, 2023)
What this bill does
Official synopsis
Altering eligibility for 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 75 years old, rather than 100 years old; and applying the Act to all taxable years beginning after December 31, 2022.
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Testimony (11)
MGA witness listFAV 9FavorableFWA 1Favorable with amendmentsUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Harcourt, Xander | City of District Heights | Position only |
| FAV | Dunn, Eugenia | Kennedy Krieger Institute | Position only |
| FAV | Koster, Rachel | Kennedy Krieger Institute | Position only |
| FAV | Hawkins, Giavante | MSATP | Written (PDF) |
| FAV | Kraska, MJ | Maryland Catholic Conference | Written (PDF) |
| FAV | Goldberg, Robert | NARFE Maryland | Oral + Written (PDF) |
| FAV | Brooks, Benjamin | Individual | Written (PDF) |
| FAV | Senator Brooks, Senator Brookslegislator | Individual | Oral |
| FAV | Wiseman, Beth | Individual | Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| FWA | Bresnahan, Tammy | AARP Maryland | Oral + Written (PDF) |