Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
Sponsor: Mike Griffith (District 35A)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
Increasing the amount of a subtraction modification from $12,500 to $20,000 under the Maryland income tax for military retirement income for individuals who are under the age of 55 years; and applying the Act to all taxable years beginning after December 31, 2023.
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Testimony (9)
MGA witness listFAV 8FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Delegate Rogers, Mikelegislator | MD House of Delegates | Written (PDF) |
| FAV | Hawkins, Giavante | MSATP | Written (PDF) |
| FAV | O'Day, Garrettlobbyist | Maryland Catholic Conference | Written (PDF) |
| FAV | Allen, Hannahlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| FAV | Dragics, DAVIDlobbyist | Maryland Military Coalition & Ft. George G. Meade Chapter of the Military Officers Association of America (MOAA) | Oral + Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Mooney, Karla | TWAW / DC Project / MSI | Position only |
| FAV | Delegate Griffith, Delegate Griffithlegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
Organizations on record
MSATPFAV 1
Registered lobbyists who testified
FAVDragics, DAVIDMaryland Military Coalition & Ft. George G. Meade Chapter of the Military Officers Association of America (MOAA)Registered for: Maryland Military Coalition
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce