Legislation - SB0382

Title: Retire in Maryland Tax Relief Act
Sponsored by: Senators Watson, Benson, West, Salling, Gile, Bailey, Carozza, Muse, and Jennings
Status: In the Senate - First Reading Budget and Taxation
Analysis

Synopsis

Authorizing a credit against the State income tax for certain taxpayers who are at least 77 years old; providing that if the credit exceeds the State income tax for a taxable year, the unused amount of the credit may not be carried over to any other taxable year; and applying the Act to taxable years beginning after December 31, 2025.

Committees

Original:: Budget and Taxation

Details

Introduced in a prior session as: SB0207 Session: 2023 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber Senate Calendar Date 1/27/2026 Legislative Date 1/27/2026 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Retire in Maryland Tax Relief Act Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/27/2026	1/27/2026	First Reading Budget and Taxation
			Text - First - Retire in Maryland Tax Relief Act

File Code

Subjects

Statutes