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Sen. Watson proposes graduated tax credit for Maryland residents 77 and older
Budget and Taxation Committee · February 11, 2026
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Summary
Senate Bill 382 would provide a nonrefundable state income tax credit for Maryland residents aged 77 and older with income limits; sponsor says it is targeted to moderate-income seniors and designed to help retain retirees in the state.
Senator Ron Watson (first at SEG 515) presented Senate Bill 382, the "Retire in Maryland Tax Relief Act," which would create a graduated state income tax credit for Maryland residents age 77 and older and would phase up credit amounts by age (25% at 77, 50% at 78, 75% at 79, and 100% at 80 and…
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