Maryland 2025 Regular Session

Maryland Senate Bill SB30 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTING LA W.
4	4	[Brackets] indicate matter deleted from existing law.
5	5	sb0030
6	6
7	7	SENATE BILL 30
8	8	Q3 5lr1154
9	9	SB 588/24 – B&T (PRE–FILED) CF 5lr2289
10	10	By: Senator Bailey
11	11	Requested: October 9, 2024
12	12	Introduced and read first time: January 8, 2025
13	13	Assigned to: Budget and Taxation
14	14
15	15	A BILL ENTITLED
16	16
17	17	AN ACT concerning 1
18	18
19	19	Income Tax – Subtraction Modification – Public Safety Employee Retirement 2
20	20	Income 3
21	21
22	22	FOR the purpose of altering the amount allowed as a subtraction modification under the 4
23	23	Maryland income tax for certain retirement income attributable to an individual’s 5
24	24	employment as a public safety employee; and generally relating to a subtraction 6
25	25	modification under the Maryland income tax for the retirement income of public 7
26	26	safety employees. 8
27	27
28	28	BY repealing and reenacting, without amendments, 9
29	29	Article – Tax – General 10
30	30	Section 10–207(a) 11
31	31	Annotated Code of Maryland 12
32	32	(2022 Replacement Volume and 2024 Supplement) 13
33	33
34	34	BY repealing and reenacting, with amendments, 14
35	35	Article – Tax – General 15
36	36	Section 10–207(mm) 16
37	37	Annotated Code of Maryland 17
38	38	(2022 Replacement Volume and 2024 Supplement) 18
39	39
40	40	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 19
41	41	That the Laws of Maryland read as follows: 20
42	42
43	43	Article – Tax – General 21
44	44
45	45	10–207. 22
46	46	2 SENATE BILL 30
47	47
48	48
49	49	(a) To the extent included in federal adjusted gross income, the amounts under 1
50	50	this section are subtracted from the federal adjusted gross income of a resident to determine 2
51	51	Maryland adjusted gross income. 3
52	52
53	53	(mm) (1) (i) In this subsection the following words have the meanings 4
54	54	indicated. 5
55	55
56	56	(ii) “Correctional officer” means an individual who: 6
57	57
58	58	1. was employed in: 7
59	59
60	60	A. a State correctional facility, as defined in § 1–101 of the 8
61	61	Correctional Services Article; 9
62	62
63	63	B. a local correctional facility, as defined in § 1–101 of the 10
64	64	Correctional Services Article; 11
65	65
66	66	C. a juvenile facility included in § 9–226 of the Human 12
67	67	Services Article; or 13
68	68
69	69	D. a facility of the United States that is equivalent to a State 14
70	70	or local correctional facility or a juvenile facility included in § 9–226 of the Human Services 15
71	71	Article; and 16
72	72
73	73	2. is eligible to receive retirement income attributable to the 17
74	74	individual’s employment under item 1 of this subparagraph. 18
75	75
76	76	(iii) “Emergency services personnel” means emergency medical 19
77	77	technicians or paramedics. 20
78	78
79	79	(iv) “Employee retirement system” has the meaning stated under § 21
80	80	10–209(a) of this subtitle. 22
81	81
82	82	(v) “Public safety employee” means an individual who is a retired 23
83	83	correctional officer, law enforcement officer, or fire, rescue, or emergency services personnel 24
84	84	of the United States, the State, or a political subdivision of the State. 25
85	85
86	86	(2) The subtraction under subsection (a) of this section includes the first 26
87	87	[$15,000] $20,000 of income from an employee retirement system that is attributable to 27
88	88	service as a public safety employee, if the income is received by an individual who is at least 28
89	89	55 years old on the last day of the taxable year. 29
90	90
91	91	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 30
92	92	1, 2025, and shall be applicable to all taxable years beginning after December 31, 2024. 31
93	93