Maryland governor proposes $4.6 billion tax relief package
ANNAPOLIS, Md. (AP) — Maryland Gov. Larry Hogan is proposing a major tax relief package for the upcoming legislative session, but much of what the governor is supporting has stalled in the General Assembly in recent years.
The Republican governor described his plan at a news conference Tuesday as the largest tax-relief package in the state's history. He said it would deliver more than $4.6 billion in relief to Maryland families, small businesses and retirees.
Maryland has an enormous budget surplus this year because of federal pandemic relief.
The governor's plan would eliminate state retirement taxes. Maryland's 90-day legislative session begins Wednesday.
Today we announced the largest tax cut package in state history, which will deliver more than $4.6 billion in much-needed relief for working families, small businesses, and retirees.— Governor Larry Hogan (@GovLarryHogan) January 11, 2022
Details: https://t.co/WoShP8zPFR pic.twitter.com/oRbVfQQiWq
We are also introducing the Working Marylanders Tax Relief Act, which would make the enhanced earned income tax relief from our historic RELIEF Act of 2021 tax cut permanent in order to provide working Marylanders another $650 million in tax relief.— Governor Larry Hogan (@GovLarryHogan) January 11, 2022