Bill

Bill > HB714


MD HB714

MD HB714
Income Tax - Subtraction Modification - Public Safety Employee Retirement Income


summary

Introduced
01/26/2024
In Committee
01/26/2024
Crossed Over
Passed
Dead
04/08/2024

Introduced Session

2024 Regular Session

Bill Summary

Increasing, from $15,000 to $20,000, 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; and applying the Act to all taxable years beginning after December 31, 2023.

AI Summary

This bill increases, from $15,000 to $20,000, 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, such as a retired correctional officer, law enforcement officer, or fire, rescue, or emergency services personnel. The bill applies to all taxable years beginning after December 31, 2023.

Committee Categories

Budget and Finance

Sponsors (17)

Last Action

House Ways and Means Hearing (13:00:00 2/15/2024 ) (on 02/15/2024)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...