Income Tax – Subtraction Modification – Public Safety Employee Retirement Income
Sponsor: Jack Bailey (District 29)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/07 at 2:00 p.m. (as of Nov 13, 2024)
What this bill does
Official synopsis
Increasing, from $15,000 to $20,000, the amount allowed as a subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee; and applying the Act to all taxable years beginning after December 31, 2023.
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Testimony (9)
MGA witness listFAV 5FavorableFWA 3Favorable with amendmentsUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | consoli, angelo | FOP Lodge 89 and Maryland State Lodge | Written (PDF) |
| FAV | Mansfield, Andrealobbyist | MD Chiefs and Sheriffs Association | Written (PDF) |
| FAV | Buddle, Jeffrey | Professional Fire Fighters of Maryland | Oral + Written (PDF) |
| FAV | Bailey, Jack | Individual | Written (PDF) |
| FAV | Senator Bailey, Senator Baileylegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| FWA | Partridge, James | Washington DC Retired Firefighters Association | Oral |
| FWA | Carroll, James | Washington DC fire department local 36 | Oral |
| FWA | Smith, Edward | Individual | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVMansfield, AndreaMD Chiefs and Sheriffs AssociationRegistered for: HDR Engineering, Inc.; Adventist HealthCare, Inc.; Alkermes; Alterwood Health, Inc.; American Chemistry Council; Amrize North America Inc., formerly Holcim Participations (US) Inc.…