HB 1468 - Authorizes Tax Credit for Senior Citizens - Maryland Key Vote

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Title: Authorizes Tax Credit for Senior Citizens

Vote Smart's Synopsis:

Vote to pass a bill that authorizes tax deductions for senior citizens.

Highlights:

  • Specifies that tax subtraction/deduction includes first $15,000 of income from retirement system attributable to service as public safety employee (Page 1).

  • Establishes tax credit for senior citizens (Page 5).

  • Limits such credits in years with lower State revenue estimates (Page 5).

  • Establishes effective date of July 1, 2022 (Page 6).

Title: Authorizes Tax Credit for Senior Citizens

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