Income Tax - Subtraction Modification - Public Safety Employee Retirement Income

This bill increases Maryland's tax break for retired public safety workers from $15,000 to $20,000 annually. It applies to retired correctional officers, law enforcement officers, and emergency services personnel (fire, rescue, EMTs) who are at least 55 years old during the tax year. The change reduces taxable income for retirement earnings specifically tied to their public safety careers. The new $20,000 limit takes effect July 1, 2025, for tax years beginning after December 31, 2024.