Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)
Hearing (House)
Summary
The bill raises the amount of military retirement income that can be subtracted from a Maryland resident’s taxable income. Starting with the 2026 tax year the deduction is $25,000, and from the 2027 tax year onward it rises to $40,000, regardless of the retiree’s age. The change is intended to give greater tax relief to veterans and active‑duty retirees living in Maryland.
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Ask about HB 761
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Feb 19, 2026
History
- Hearing 2/19 at 1:00 p.m.
- First Reading Ways and Means
Sponsors
- Boafo · sponsor
- Allen
- Anderson
- Arentz
- Ciliberti
- Coley
- Crutchfield
- D. Jones
- Griffith
- Hartman
- Hornberger
- Howard
- Pruski
- Reilly
- Rogers
- Rose
- Schmidt
- Stinnett
- T. Morgan
- Tomlinson
- Wims
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