SB553: Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)
Legislative Summary
Increasing the amount of a certain subtraction modification under the Maryland income tax for certain military retirement income received by individuals under the age of 55 years to $12,500 and individuals at least 55 years old to $20,000 during the taxable year for certain military service; and applying the Act to all taxable years beginning after December 31, 2022.
Demographic Impact
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Bill History
Amendments
Favorable with Amendments 303424/1 Adopted
Favorable with Amendments 303424/1 Adopted
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
