Bill > HB951

This bill increases the amount of a subtraction modification under the Maryland income tax for certain military retirement income and certain retirement income attributable to employment as a correctional officer, law enforcement officer, or fire, rescue, or emergency services personnel. Specifically, it increases the subtraction for military retirement income for individuals age 55 and older from $15,000 to $20,000, and it establishes a new $10,000 subtraction for retirement income from an employee retirement system that is attributable to service as a public safety employee (defined as a retired correctional officer, law enforcement officer, or fire, rescue, or emergency services personnel) for individuals age 55 and older.