- 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
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
Details
Introduced in a prior session as: HB0713 Session: 2024 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2025
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Last Updated: 1/29/2025 2:28 PM
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