Bill > SB370

This bill increases the amount of a subtraction modification under the Maryland income tax for certain military retirement income and retirement income attributable to the employment of correctional officers, law enforcement officers, and fire, rescue, or emergency services personnel. Specifically, it increases the military retirement income subtraction from $15,000 to $20,000 for individuals who are at least 55 years old, and increases the public safety employee retirement income subtraction from $10,000 to $20,000 for individuals who are at least 55 years old. The bill also makes some technical changes to the definitions of "correctional officer," "employee retirement system," and related terms.