Income Tax – Subtraction Modification – Retirement Income

Bill Number:  SB0413

Bill Sponsor(s):  Senator Peters

Subject:  Budget and Taxation

Bill Summary:

Increasing, from $15,000 to $20,000, a subtraction modification under the Maryland income tax for certain military retirement income under certain circumstances and for certain retirement income attributable to a resident’s employment as a correctional officer, a law enforcement officer, or a fire, rescue, or emergency services worker; allowing a subtraction modification under the Maryland income tax for certain surviving spouses of certain qualified retired public safety employees under certain circumstances; etc.

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