MACo Legislative Director Kevin Kinnally yesterday submitted testimony to the Senate Budget and Taxation Committee in opposition to SB 572 – Retirement Tax Reduction Act of 2021. This bill creates a subtraction modification for income taxes for Marylanders who are over 65 and retired.
From the MACo Testimony:
The swift and unprecedented shock of the COVID-19 public health crisis has wreaked havoc on the economy. As the focus shifts to restoring our state and local economies in a manner that is safe, equitable, and prosperous for all, counties are eager and committed partners in promoting economic growth and creating opportunity – we prefer local autonomy in determining the best way locally.
The Maryland Association of Counties (MACo) opposes state-mandated reductions in local revenue sources, but welcomes tools to grant counties options and flexibility to pursue their own parallel taxincentives, or to develop others to suit their local needs.
Follow MACo’s advocacy efforts during the 2021 legislative session on MACo’s Legislative Tracking Database.