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MD HB857
MD HB857Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Increasing, from $12,500 to $20,000, the amount of a subtraction modification under the Maryland income tax for military retirement income for individuals who are under the age of 55 years; and applying the Act to all taxable years beginning after December 31, 2025.
AI Summary
This bill increases the amount of military retirement income that individuals under the age of 55 can subtract from their taxable income for Maryland state income tax purposes. Currently, those under 55 can subtract up to $12,500 of this income, but this bill proposes to raise that limit to $20,000. Military retirement income is defined as any retirement pay, including death benefits, received due to service in the armed forces, which encompasses various forms of military service and reserve components. This change is intended to provide greater tax relief to younger military retirees and will apply to all tax years beginning after December 31, 2025.
Committee Categories
Budget and Finance
Sponsors (25)
Mike Griffith (R)*,
Nick Allen (D),
Steve Arentz (R),
Terry Baker (R),
Adrian Boafo (D),
Jason Buckel (R),
Barrie Ciliberti (R),
Charlotte Crutchfield (D),
April Fleming Miller (R),
Wayne Hartman (R),
Kevin Hornberger (R),
Seth Howard (R),
Dana Jones (D),
Nic Kipke (R),
Susan McComas (R),
Todd Morgan (R),
Darrell Odom (D),
Andrew Pruski (D),
Teresa Reilly (R),
Mike Rogers (D),
April Rose (R),
Stuart Schmidt (R),
Sean Stinnett (D),
Chris Tomlinson (R),
Greg Wims (D),
Last Action
House Ways and Means Hearing (13:00:00 2/19/2026 ) (on 02/19/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0857?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0857f.pdf |
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