MD HB653

Increases the Maryland income tax subtraction for public safety employee retirement income from $15,000 to $20,000, phased in over five years with $1,000 annual increases starting in tax year 2026

Eligible recipients include retired correctional officers, law enforcement officers, and fire, rescue, or emergency services personnel from federal, state, or local government who are at least 55 years old

Phase-in schedule: $15,000 (2025), $16,000 (2026), $17,000 (2027), $18,000 (2028), $19,000 (2029), $20,000 (2030 and after)

Correctional officers covered include those who worked in state or local correctional facilities, juvenile facilities, or equivalent federal facilities

Effective date: July 1, 2026