Legislation - SB0099

Title: Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)
Sponsored by: Senator Salling
Status: In the Senate - Hearing 1/15 at 10:30 a.m.
Analysis: Fiscal and Policy Note

Synopsis

Increasing, from $20,000 to $40,000 over a 2-year period, the amount of a certain subtraction modification under the Maryland income tax for certain military retirement income received by individuals, regardless of age, during a taxable year for certain military service.

Committees

Original:: Budget and Taxation

Details

Cross-filed with: HB0060

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 10/29/2024 Legislative Date 10/29/2024 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 for Military Retirement Income (Keep Our Heroes Home Act) 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	10/29/2024	10/29/2024	Pre-filed
Senate	1/08/2025	1/08/2025	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)
Senate	1/08/2025	1/08/2025	Hearing 1/15 at 10:30 a.m.

File Code

Subjects

Statutes