Bill > HB792

This bill increases the income tax subtraction for retirement income of public safety employees in Maryland from $15,000 to $20,000. Specifically, the bill allows retired public safety employees, including correctional officers, law enforcement officers, fire, rescue, and emergency services personnel, to subtract up to $20,000 of retirement income from their federal adjusted gross income when calculating their Maryland state income taxes. To qualify, the individual must be at least 55 years old at the end of the tax year, and the retirement income must be from an employee retirement system and attributable to their service as a public safety employee. The bill will take effect on July 1, 2025, and will apply to all taxable years beginning after December 31, 2024, providing a tax benefit to retired public safety employees by reducing their state income tax liability.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0792?ys=2025RS