Bill > SB588

This bill increases the amount allowed as a subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee, from $15,000 to $20,000. The bill applies to all taxable years beginning after December 31, 2023. Public safety employees include retired correctional officers, law enforcement officers, and fire, rescue, or emergency services personnel of the United States, the State of Maryland, or a political subdivision of the State.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0588?ys=2024RS