On January 31, 2024, MACo Legislative Director Kevin Kinnally submitted written testimony to the Senate Budget and Taxation Committee in opposition to SB 422- Income Tax- Subtraction Modification- Foreign Service Retirement Income. This bill authorizes a subtraction modification for an individual’s specified foreign service retirement income.
Counties are eager and committed partners in promoting economic growth and creating opportunity – and prefer local autonomy in determining the best way locally. The Maryland Association of Counties (MACo) opposes state-mandated reductions in local revenue sources, but county governments welcome flexible and optional tools to serve and react to local needs and community priorities.
State tax incentives should be enacted as “local option” offerings to allow counties maximum flexibility in tailoring local policies to meet local needs and priorities. The State and its local governments already work together here – where the State routinely grants a state-level property tax credit, enabling county governments to enact their own as a local option.
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