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HB 554

EnactedCrossfile SB 553
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Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)

Sponsor: SpeakerCommittee: Ways and MeansSubject: Taxes - IncomeStatus: Approved by the Governor - Chapter 613 (as of Nov 9, 2023)

What this bill does

Official synopsis

Increasing the amount of a certain subtraction modification under the Maryland income tax for certain military retirement income received by individuals under the age of 55 years to $12,500 and individuals at least 55 years of age to $20,000 during the taxable year for certain military service; and applying the Act to all taxable years beginning after December 31, 2022.

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Testimony (16)

MGA witness list
FAV 15FavorableUNF 1Unfavorable

Organizations on record

Registered lobbyists who testified

FAVPopham, BrysonBryson F. Popham, P.A.Registered for: Agency Insurance Company of Maryland; Agency Services, Inc.; Army Alliance; Bryson F. Popham P.A.; Building Owners and Managers Association of Greater Baltimore (BOMA); CVS Health
FAVDragics, DAVIDFt. George G. Meade Chapter of the Military Officers Association of America (MOAA)Registered for: Maryland Military Coalition
FAVGriffin, AndrewMaryland Chamber of CommerceRegistered for: Alliance to Prevent Legionnaire's Disease; American Subcontractors Association of Baltimore; Annapolis Maritime Museum & Park; Associated Utility Contractors of Maryland; Experience Prince George's; Howard County Chamber of Commerce