Legislation - SB0588

Title: Income Tax – Subtraction Modification – Public Safety Employee Retirement Income
Sponsored by: Senators Bailey and Jackson
Status: In the Senate - Hearing 2/07 at 2:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Increasing, from $15,000 to $20,000, the amount allowed as a subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee; and applying the Act to all taxable years beginning after December 31, 2023.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0714

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/25/2024 Legislative Date 1/25/2024 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Subtraction Modification – Public Safety Employee Retirement Income Proceedings
Chamber Senate Calendar Date 1/29/2024 Legislative Date 1/29/2024 Action Hearing 2/07 at 2:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/25/2024	1/25/2024	First Reading Budget and Taxation
			Text - First - Income Tax – Subtraction Modification – Public Safety Employee Retirement Income
Senate	1/29/2024	1/29/2024	Hearing 2/07 at 2:00 p.m.

File Code

Subjects

Statutes