Legislation - SB0030

Title: Income Tax - Subtraction Modification - Public Safety Employee Retirement Income
Sponsored by: Senator Bailey
Status: In the Senate - Hearing 1/15 at 10:30 a.m.
Analysis

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, 2024.

Committees

Original:: Budget and Taxation

Details

Introduced in a prior session as: SB0588 Session: 2024 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 10/09/2024 Legislative Date 10/09/2024 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/08/2025 Legislative Date 1/08/2025 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 1/08/2025 Legislative Date 1/08/2025 Action Hearing 1/15 at 10:30 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/09/2024	10/09/2024	Pre-filed
Senate	1/08/2025	1/08/2025	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Public Safety Employee Retirement Income
Senate	1/08/2025	1/08/2025	Hearing 1/15 at 10:30 a.m.

File Code

Subjects

Statutes