SB0935

Income Tax - Subtraction Modification - Donations to Food Banks and Other Charitable Entities

Allowing a subtraction under the Maryland income tax of up to $1,000 for donations of certain food and monetary gifts made by a taxpayer during the taxable year to certain charitable entities that provide food at no cost to individuals in need; and requiring the Comptroller to report to the General Assembly by January 1, 2029, on whether the subtraction modification in the Act contributed to any increase in donations to charities providing food at no charge to certain individuals.

Basic Information

Status
Chaptered
Session
2026 Regular Session
Type
Unknown
Cross-filed
HB0903

Links

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Upcoming Events

Hearing
March 04, 2026 at 13:00
📍 Budget and Taxation
Hearing - Budget and Taxation Committee

Sponsors

Corderman
West
Salling
Carozza
Watson
Simonaire
Ready