October 30, 1998

An Analysis of the Effects of an Increase in Maryland’s Retirement Income Exemption


Several proposals for reforming the Maryland personal income tax have recently been suggested, including accelerating previously enacted rate cuts, increasing retirement income exemptions, and introducing new rate cuts above those enacted in 1997. The Institute on Taxation and Economic Policy has analyzed the consequences of one such plan: an increase in the retirement income exemption for elderly and disabled Maryland residents.

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