Bill > SB30

This bill modifies the Maryland state income tax code to expand a tax subtraction for public safety employees' retirement income. Specifically, the bill increases the amount of retirement income that can be subtracted from taxable income from $15,000 to $20,000 for public safety employees who are at least 55 years old. The bill defines "public safety employees" broadly to include retired correctional officers, law enforcement officers, fire personnel, rescue workers, and emergency medical technicians from federal, state, and local jurisdictions. To qualify, these individuals must have been employed in specific types of correctional facilities, emergency services, or equivalent federal facilities, and be eligible to receive retirement income from an employee retirement system. The tax subtraction would apply to income attributable to service in these public safety roles. The bill is set to take effect on July 1, 2025, and will be applicable to all taxable years beginning after December 31, 2024, providing a tax benefit to retired public safety employees.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0030?ys=2025RS