Income Tax - Subtraction Modification for Military Retirement Income - Individuals Under the Age of 55
Hearing (House)
Summary
The bill changes Maryland’s income‑tax code so that service members who retire from the military and are under 55 can subtract up to $20,000 of their retirement income, instead of the current $12,500. The change takes effect for tax years beginning after Dec. 31, 2025. It provides greater tax relief to younger military retirees living in Maryland.
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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
- Griffith · sponsor
- Allen
- Arentz
- Baker
- Boafo
- Buckel
- Ciliberti
- Crutchfield
- D. Jones
- Hartman
- Hornberger
- Howard
- Kipke
- McComas
- Miller
- Odom
- Pruski
- Reilly
- Rogers
- Rose
- Schmidt
- Stinnett
- T. Morgan
- Tomlinson
- Wims
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