Income Tax - Subtraction Modification - Retirement Income
Sponsor: Robin L. Grammer, Jr. (District 6)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/15 at 1:00 p.m. (as of Nov 13, 2024)
What this bill does
Official synopsis
Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years of age or who are disabled or whose spouse is disabled; altering the maximum amount of the subtraction modification for certain taxable years; repealing a limitation on the maximum amount of the subtraction modification; applying the Act to all taxable years beginning after December 31, 2023; etc.
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Testimony (5)
MGA witness listFAV 3FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Doyle, Robert | MD Federation of NARFE SLC | Oral + Written (PDF) |
| FAV | Delegate Grammer, Delegate Grammerlegislator | Individual | Oral |
| FAV | Rosa, Richard | Individual | Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| INFO | Vykol-Gray, Laura | Maryland Department of Budget and Management OPSB | Written (PDF) |