Retiree Tax Cut Passes Maryland General Assembly
It has been a struggle to overcome partisanship in Annapolis to pass tax relief for Maryland's retirees, but today the Maryland General Assembly finally gave some taxpayers in Maryland a big win.
Senate Bill 996 will exempt the first $15,000 of retirement income for military retirees and correctional officers from from state taxes. The bill passed unanimously with bi-partisan support.
Retiree tax relief is a top priority of Governor Hogan's.
On November 9, 2017 he said:
"During my campaign for governor I pledged to work hard to provide well-deserved tax relief for our state's retirees. I said that I wanted to eventually reach the point where we could do away with income taxes on all retirement income, just as many other states have done - that is still our goal. And I pledged to start heading toward that goal by repealing taxes on the pensions of our brave men and women who risked their lives for us."
Hopefully in a second term, the Maryland General Assembly will be able to do more to help our retirees.