MD SB30 | 2025 | Regular Session
Note: Carry Over of previous SB588
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-08 - Hearing 1/15 at 10:30 a.m.
Pending: Senate Budget and Taxation Committee
Hearing: Jan 15 @ 10:30 am Senate Budget and Taxation Hearing
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-08 - Hearing 1/15 at 10:30 a.m.
Pending: Senate Budget and Taxation Committee
Hearing: Jan 15 @ 10:30 am Senate Budget and Taxation Hearing
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing, from $15,000 to $20,000, the amount allowed as a subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee; and applying the Act to all taxable years beginning after December 31, 2024.
Title
Income Tax - Subtraction Modification - Public Safety Employee Retirement Income
Sponsors
| Sen. Jack Bailey [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-08 | Senate | Hearing 1/15 at 10:30 a.m. |
| 2025-01-08 | Senate | First Reading Budget and Taxation |
| 2024-10-09 | Senate | Pre-filed |
Same As/Similar To
SB588 (Carry Over) 2024-01-29 - Hearing 2/07 at 2:00 p.m.
Subjects
Correctional Officers
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Retirement
Taxes - Income
Emergency Services
Exemptions
Fire Protection
Income Tax
Law Enforcement
Rescue Squads
Retirement
Taxes - Income
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0030?ys=2025RS |
| Text | https://mgaleg.maryland.gov/2025RS/bills/sb/sb0030f.pdf |
