- Title
- Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
- Sponsored by
- Delegates Griffith, Rogers, Allen, Arentz, Buckel, Chisholm, Fraser-Hidalgo, Hartman, Hornberger, Hutchinson, Jacobs, A. Johnson, S. Johnson, Nawrocki, Otto, Pippy, Reilly, Rose, Schmidt, Szeliga, and Valentine
- Status
- In the House - Hearing 2/13 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
                                Increasing, from $12,500 to $20,000, the amount of a subtraction modification under the Maryland income tax for military retirement income for individuals who are under the age of 55 years; and applying the Act to all taxable years beginning after December 31, 2024.
                            Committees
                                - Original:
- Ways and Means Click to view Recorded Media
Committee Testimony
                                    
                                Details
                                
Introduced in a prior session as: HB0713 Session: 2024 Regular Session                                                
                                            
Bill File Type: Regular                                                
                                            
Effective Date(s): July 1, 2025                                                
                                            History
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                            Last Updated: 2/17/2025 4:51 PM
                         
                

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