Neighbor News
Lend Your Voice - Exempt 100% of Uniformed Service Retirement Income from Maryland State Income Tax
Request signatures on a petition to the Maryland General Assembly to take action on pending veterans legislation.
The General Assembly in Annapolis has had hearings on two bills that would make Uniformed Service Retirement Income 100% exempt from Maryland State Income Tax over the next several years; 50% in 2018, 75% in 2019, and 100% in 2020. Senate Bill 321 and House Bill 375, which were cross-filed, are a very good compromise for the current fiscal reality in which Maryland finds itself. There would be no change this year, and the Governor would build the exemptions in the State’s budget each of the next three years.
Maryland has the highest concentration of cybersecurity job positions in the Nation yet a very low supply of qualified, available cybersecurity workforce professionals.
Maryland businesses require critical Uniformed Service retiree skills, especially in cybersecurity and Information Technology fields, but talent is going to other states.
Find out what's happening in Bel Airfor free with the latest updates from Patch.
Hearings were held on the legislation in February, but nothing has happened with it since then. I have tried to speak with Speaker Busch about the issue, but he will not meet with me. As of Wednesday, March 15, 2017, there are only 26 days left in the session. We must tell Annapolis that we want SB321 to come out of the Senate Budget and Taxation Committee and HB375 to come out of the House Ways and Means Committee with a Favorable Report, so they can be considered on their respective floors of the Senate and House.
Increasing numbers of Uniformed Service retirees are leaving Maryland when they retire because 26 other states are 100% tax free.
Find out what's happening in Bel Airfor free with the latest updates from Patch.
100% tax-free uniformed service retirement income is the incentive needed for military retirees to remain in or move to Maryland, bringing economic, business and social benefits to the State.
Please add your name to our petition – Lend Your Voice - Enhance Maryland's Fiscal Posture. http://susquehannamoaa.org/lendyourvoice
Thank you for standing with the 60,000 Maryland Uniformed Services Retirees and Surviving Spouses who receive Uniformed Service Retirement Income.
