- Income Tax - Subtraction Modifications for Military and Public Safety Retirement Income (Honoring Their Sacrifice Act of 2022)
- Sponsored by
- Delegates Mangione, Adams, Anderton, Boteler, Buckel, Chisholm, M. Fisher, Griffith, Hartman, Hornberger, Howard, Kipke, Krebs, Mautz, McKay, Pippy, Reilly, Rose, Saab, Shoemaker, Thiam, and Wivell
- In the House - Hearing 2/16 at 1:00 p.m.
- Fiscal and Policy Note
Lowering, from 55 to 50, the age at which residents are eligible for a subtraction modification under the Maryland income tax for certain military retirement income and certain retirement income attributable to the resident's employment as a correctional officer, a law enforcement officer, or a fire, rescue, or emergency services personnel; and increasing, from $15,000 to $30,000, the amount of the subtraction modifications for certain military and public safety retirement income.
Bill File Type: Regular
Effective Date(s): July 1, 2022
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( 10-207, 10-209 )
Last Updated: 7/8/2022 2:21 PM