Income Tax - Subtraction Modification - Volunteer Fire, Rescue, And Emergency Medical Services Members

Important Legislation Provides Much Needed Relief To Maryland’s Volunteer Emergency Services PersonnelNote: Senate Budget and Taxation Committee to Hold Hearing on SB 161 on Wednesday, February 27, 2019, 1:00 PM

“I have been moved countless times by the selflessness of our firefighters and first responders. You deserve and have earned our respect and our gratitude, and making sure you get that respect isn’t a political issue – it’s just common sense.” - Governor Larry Hogan, February 6, 2019

Income Tax - Subtraction Modification - Volunteer Fire, Rescue, And Emergency Medical Services Members

Governor Hogan’s Proposed Legislation Provides Tax Relief To Volunteer Maryland Fire, Rescue, Or Emergency Medical Services; Legislation Will Increase State Income Tax Exemption To $10,000. “An individual is a qualifying volunteer fire, rescue, or emergency medical services member for the taxable year eligible for the subtraction modification under the subsection if the individual… The amount of the subtraction under paragraph (1) of this subsection is equal to:... [$6,500] $8,000 for a taxable year beginning after December 31, 2020, but before January 1, 2022; and [$7,000] $10,000 for a taxable year beginning after December 31, 2021.” Note: Figures in brackets are proposed to be removed from existing law. (“Senate Bill 161,” Maryland General Assembly, 1/21/19)

• Under The Governor’s Proposal, Volunteer Fire, Rescue, And Emergency Medical Services Personnel Will Receive A Total Of $7 Million In Tax Relief Over Five Years. (Maryland Department Of Budget And Management)