Governor HEARING ALERT: Tax Relief for Retirees

[newsBot]

“Lifelong Marylanders are moving to other states for one reason: our state’s sky-high retirement taxes. We cannot let this keep happening.” -Governor Larry Hogan

ANNAPOLIS, MD—Today at 2:00 p.m., the Senate Budget and Taxation Committee will hold a hearing on SB 572, the Retirement Tax Reduction Act of 2021.


The bill creates a subtraction modification against the state income tax for any individual who has a federal adjusted gross income of $100,000 or less and (1) is receiving old age or survivor Social Security benefits or (2) is at least age 65 and is not employed full time. The governor has also proposed additional measures to exempt law enforcement, fire and rescue, corrections, and emergency response personnel from state tax on all retirement income specific to their service, and to increase the tax exemption for all military retiree pensions.

In his State of the State Address, Governor Hogan asked the legislature to help make it more affordable to live, raise a family, start a business, and to retire here in Maryland:

(Watch)

-###-​

 

[DaSDGuy]

He's asking the dims in annapolis to take money out of the trough? Fat chance that will ever happen.

 

[GregV814]

Dear Larry,

Although this proposal would benefit me on several fronts, its too little, too late.
The old cliché is something about closing the gate after the animals escaped. You've basically offered to put WD-40 on a rusty hinge after the herd died.
After ignoring the folks that served as first responders, now we cant get vaccines because you gave a s**tload to the DC Government as a "equality" gesture. Lets not forget giving the South Korean Government $12.5 million bucks (for useless CoVid test kits) so that Jumi could get an award for being a Korean woman.
Go ahead, come out of the closet as a woke Democrat, get a Jamie Raskin haircut....(ooooops) marry AOC.

Greg V, grandson of BobbyV, 1960's singer.