EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
*sb0588*
SENATE BILL 588
Q3 4lr3017
CF 4lr3019
By: Senators Bailey and Jackson
Introduced and read first time: January 25, 2024
Assigned to: Budget and Taxation
A BILL ENTITLED
AN ACT concerning 1
Income Tax – Subtraction Modification – Public Safety Employee Retirement 2
Income 3
FOR the purpose of altering the amount allowed as a subtraction modification under the 4
Maryland income tax for certain retirement income attributable to an individual’s 5
employment as a public safety employee; and generally relating to a subtraction 6
modification under the Maryland income tax for the retirement income of public 7
safety employees. 8
BY repealing and reenacting, without amendments, 9
Article – Tax – General 10
Section 10–207(a) 11
Annotated Code of Maryland 12
(2022 Replacement Volume and 2023 Supplement) 13
BY repealing and reenacting, with amendments, 14
Article – Tax – General 15
Section 10–207(mm) 16
Annotated Code of Maryland 17
(2022 Replacement Volume and 2023 Supplement) 18
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 19
That the Laws of Maryland read as follows: 20
Article – Tax – General 21
10–207. 22
(a) To the extent included in federal adjusted gross income, the amounts under 23
this section are subtracted from the federal adjusted gross income of a resident to determine 24
Maryland adjusted gross income. 25 2 SENATE BILL 588
(mm) (1) (i) In this subsection the following words have the meanings 1
indicated. 2
(ii) “Correctional officer” means an individual who: 3
1. was employed in: 4
A. a State correctional facility, as defined in § 1–101 of the 5
Correctional Services Article; 6
B. a local correctional facility, as defined in § 1–101 of the 7
Correctional Services Article; 8
C. a juvenile facility included in § 9–226 of the Human 9
Services Article; or 10
D. a facility of the United States that is equivalent to a State 11
or local correctional facility or a juvenile facility included in § 9–226 of the Human Services 12
Article; and 13
2. is eligible to receive retirement income attributable to the 14
individual’s employment under item 1 of this subparagraph. 15
(iii) “Emergency services personnel” means emergency medical 16
technicians or paramedics. 17
(iv) “Employee retirement system” has the meaning stated under § 18
10–209(a) of this subtitle. 19
(v) “Public safety employee” means an individual who is a retired 20
correctional officer, law enforcement officer, or fire, rescue, or emergency services personnel 21
of the United States, the State, or a political subdivision of the State. 22
(2) The subtraction under subsection (a) of this section includes the first 23
[$15,000] $20,000 of income from an employee retirement system that is attributable to 24
service as a public safety employee, if the income is received by an individual who is at least 25
55 years old on the last day of the taxable year. 26
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 27
1, 2024, and shall be applicable to all taxable years beginning after December 31, 2023. 28