Income Tax - Subtraction Modification for Military Retirement Income (Keep Our Heroes Home Act)
Sponsor: PresidentCommittee: Budget and TaxationSubject: Taxes - IncomeStatus: Approved by the Governor - Chapter 614 (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 old 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 (27)
MGA witness listFAV 24FavorableUNF 3Unfavorable
Organizations on record
Registered lobbyists who testified
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…
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…
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce