HB1238

Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax

Imposing a surtax on the Maryland taxable income of individuals with a net worth in excess of $1,000,000,000; providing for the calculation, administration, and enforcement of the surtax; imposing a one-time wealth tax on the amount by which the net worth of a Maryland resident exceeds a certain amount; providing for the calculation, administration, collection, and enforcement of the one-time wealth tax; etc.

1 bill selected

Basic Information

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

Links

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Upcoming Events

Hearing
March 05, 2026 at 13:00
📍 Ways and Means
Hearing - Ways and Means Committee

Sponsors

Acevero
Martinez
Roberson
Woods
Young
Amprey