Income Tax – Subtraction Modification – Retirement Income (Hometown Heroes and Veterans Act of 2018)
Sponsor: Senator PetersCommittee: Budget and TaxationSubject: Taxes - IncomeStatus: Approved by the Governor - Chapter 573 (as of Nov 1, 2018)
What this bill does
Official synopsis
Altering a subtraction modification under the State income tax for certain military retirement income for individuals who are at least 55 years old from $10,000 to $15,000; providing a subtraction modification under the Maryland income tax under certain circumstances for the first $15,000 of retirement income attributable to employment as a correctional officer; and applying the Act to all taxable years beginning after December 31, 2017.
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Testimony (0)
MGA witness listNo witness list on file. It is scraped after hearings are scheduled; check the MGA link above.