CivicKnodeCivicKnowA project of CivicKnode
Sign in

SB 422

Did not advance
Add to calendar

Income Tax - Subtraction Modification - Foreign Service Retirement Income

Sponsor: Jim Rosapepe (District 21)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 1/31 at 1:00 p.m. (as of Nov 13, 2024)

What this bill does

Official synopsis

Allowing a subtraction modification under the Maryland income tax for certain foreign service retirement income received by an individual during the taxable year; providing that foreign service retirement income that is included in the subtraction allowed under the Act may not be taken into account for purposes of a certain subtraction modification under the Maryland income tax for certain retirement income; and applying the Act to all taxable years beginning after December 31, 2023.

AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.

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 (5)

MGA witness list
FAV 4FavorableUNF 1Unfavorable
PositionWitnessOrganizationTestimony
FAVO’Gorman, SeanAmerican Foreign Service AssociationWritten (PDF)
FAVRicciardone, Francis JUS Ambasador, Ret.Oral
FAVBlecher, BerylIndividualWritten (PDF)
FAVSenator Rosapepe, Senator RosapepelegislatorIndividualOral
UNFKinnally, KevinMaryland Association of Counties (MACo)Written (PDF)

Organizations on record