- February 18, 2015
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In an effort to make Maryland more welcoming to veterans, new Gov. Larry Hogan (R) wants to fully exempt military pensions from state income tax.
Currently the state exempts only the first $5,000 of military pensions from taxation. About 53,000 retirees in Maryland receive military pensions, which average $28,000 a year, reported the Baltimore Sun. “People who put their lives on the line every day kind of earned a tax break,” Hogan told reporters last week after addressing a crowd of veterans at an American Legion post. The governor acknowledged, however, that getting the General Assembly to approve his legislative proposal would be challenging …