2025 Regular SessionMaryland Legislature

HB800: Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55

Legislative 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, 2024.

Demographic Impact

Overall analysis of equity impact

80% Positive
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Bill History

1/29/2025
First Reading Ways and Means
House of Delegates
1/29/2025
Hearing 2/13 at 1:00 p.m.
House of Delegates