Subtraction Modification - Public Safety Retirement Income

SB 185 increases Maryland's tax deduction for retirement income from public safety careers. It raises the deductible amount from $15,000 to $20,000 annually for retired police officers, firefighters, correctional officers, and emergency medical personnel who are at least 55 years old. This change directly benefits eligible retirees by reducing their taxable income on retirement payments from public safety employment. The bill modifies existing tax code sections to implement this adjustment, effective for tax years beginning after December 31, 2025.