MD HB 713

Title: Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
Author: William Valentine

Summary
Increasing the amount of a subtraction modification from $12,500 to $20,000 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, 2023.

Status
Hearing 2/15 at 1:00 p.m.