Retirees who make $50,000 a year or less “will pay no state income tax whatsoever” under the Retirement Tax Reduction Act of 2020, Hogan said. Retirees who make less than $100,000 a year would see their state taxes decrease from 50 to 100 percent, he said.
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“Maryland may have some of the strongest gun laws in the country but it’s not enough,” said Andrea Chamblee, a volunteer with the Maryland chapter of Moms Demand Action for Gun Sense in America whose husband. John McNamara, was killed in the June 2018 shooting along with four other Gazette employees. “There are significant loopholes that endanger our families, including the loopholes corrected by this bill.”
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“This budget funds all of the state’s top priorities while maintaining $1.3 billion in reserves and limiting budget growth to 1 percent without raising taxes, without cutting services and without raiding dedicated special funds,” Hogan said at a Tuesday morning news conference at the State House.
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The Maryland Prescription Drug Affordability Board members were given an extensive presentation about the financial disclosure requirements they must make as part of their service. Disclosure exemptions may be requested. However, Van Mitchell, chair of the board, said members voted prior to the meeting not to ask for exemptions.
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@BryanRenbaum bryan@marylandreporter.com Medical marijuana produced more than $10 million in tax...
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