Explore Bills

Altering the State individual and corporate income tax rates; increasing, from 2% to 3%, the income tax rate imposed on the net capital gains attributable to certain sources of income; exempting from the income tax on net capital gains the first $10,000 in net capital gains of an individual who is at least 65 years old; reducing, from 6% to 3%, the sales and use tax rate; reducing, from 9% to 3%, the sales and use tax rate on alcohol and cannabis sales; repealing the sales and use tax on the sale of certain technology services; etc.

Excluding certain charitable contributions from a limitation on the amount of itemized deductions allowed for certain individuals under the Maryland income tax; and applying the Act to taxable years beginning after December 31, 2025.

Allowing, subject to certain limitations, a subtraction modification under the Maryland income tax for certain personal casualty losses of certain retirement assets from theft or a fraud scheme; and applying the Act to taxable years beginning after December 31, 2025.

Establishing the Buy Maryland Cybersecurity Tax Credit; providing the purpose of the credit is to promote the cybersecurity industry in the State by helping Maryland businesses and nonprofits purchase cybersecurity technologies and services from Maryland companies; altering eligibility for the credit; altering the aggregate amount of credits that may be issued for certain cybersecurity purchases from $200,000 to $1,000,000; making the credit refundable; etc.

Providing a subtraction modification under the Maryland income tax for compensation received in the form of a tip or gratuity for the performance of certain work in a food service facility, business licensed for on-sale consumption of alcoholic beverages, or hotel, for providing passenger-for-hire services, or for providing taxicab services; and applying the Act to taxable years beginning after December 31, 2025.

Prohibiting certain charitable organizations from participating in or intervening in a political campaign on behalf of or in opposition to a candidate for public office; authorizing the Secretary of State and the Attorney General, acting jointly, to order a 2-year revocation of certain tax-exempt statuses if a certain determination is made; requiring the Comptroller and the Director of the State Department of Assessments and Taxation to revoke certain tax-exempt statuses under certain circumstances; etc.

Increasing, from $15,000 to $20,000, the amount allowed as a subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee; and applying the Act to all taxable years beginning after December 31, 2025.

Allowing a credit of $3,000 against the State income tax for an individual who resides with and provides care for a certain elderly parent during the taxable year under certain circumstances; making the credit refundable; and applying the Act to all taxable years beginning after December 31, 2025.

Allowing a credit against the State income tax for certain income taxes and penalties attributable to an early withdrawal of retirement funds due to financial exploitation; and applying the Act to all taxable years beginning after December 31, 2025.

Providing that an addition modification under the Maryland income tax for certain income exempt from federal tax by federal law or treaty but not State tax does not apply to certain foreign earned income; and applying the Act to taxable years beginning after December 31, 2025.

Altering a certain subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee to include certain retirement income attributable to an individual's employment as a 9-1-1 specialist; and applying the Act to all taxable years beginning after December 31, 2025.

Repealing the limitation on the maximum amount of a credit against the State income tax that an individual may claim for certain expenses incurred for a donation of deer meat to certain organizations; and applying the Act to all taxable years beginning after December 31, 2025.

Establishing the Buy Maryland Cybersecurity Tax Credit; stating the purpose of the credit is to promote the cybersecurity industry in the State by helping Maryland businesses and nonprofits purchase cybersecurity technology services from Maryland companies; altering eligibility for the credit; increasing from $200,000 to $1,000,000 the aggregate amount of credits that may be issued for certain cybersecurity purchases; making the credit refundable; etc.

Converting the Biotechnology Investment Incentive Tax Credit to be the Biotechnology Investment Incentive Grant Program in the Department of Commerce; requiring the Department to disburse a grant within 90 days of determining that the investment has been made; allowing a subtraction modification under the Maryland income tax for certain grants received during the taxable year; establishing a Biotechnology Investment Incentive Grant Program Fund; authorizing the Governor to include $10,000,000 in the annual budget bill for the Fund; etc.

Allowing a credit against the State income tax for certain costs paid or incurred by an individual for certain energy efficient home improvements made to the individual's residence during the taxable year, subject to certain limitations; and applying the Act to taxable years beginning after December 31, 2025.

Altering a certain subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee to include certain retirement income attributable to an individual's employment as a 9-1-1 specialist; and applying the Act to all taxable years beginning after December 31, 2025.

Increasing, from $15,000 to $20,000, the amount allowed as a subtraction modification under the Maryland income tax for retirement income attributable to an individual's employment as a public safety employee; and applying the Act to all taxable years beginning after December 31, 2025.

Altering a subtraction modification under the Maryland income tax for unreimbursed expenses paid or incurred by certain teachers during a taxable year for the purchase of certain classroom supplies to include full-time teachers employed in prekindergarten programs in the State; and applying the Act to all taxable years beginning after December 31, 2025.

Altering a certain subtraction modification under the Maryland income tax to include certain retirement income attributable to a resident's employment with the District of Columbia as a member of a fire, rescue, or emergency services organization; and applying the Act to all taxable years beginning after December 31, 2025.

Allowing certain eligible taxpayers who volunteer in certain schools in Prince George's County a credit against the State income tax in an amount equal to $20 for each volunteer hour, not to exceed $500; requiring the State Department of Education, in consultation with the Comptroller, to develop and make available a certain application and tax credit certificate; requiring a certain county board member or school administrator to issue tax credit certificates in a certain manner; making the credit refundable; etc.

Allowing employers who provide certain parental engagement leave to certain qualified employees during the taxable year a credit against the State income tax; requiring the State Department of Education, in consultation with the Comptroller, to develop and make available a certain certification form; establishing that the credit equals the qualified employee's hourly wage rate times the number of parental leave hours used by the employee during the taxable year, up to $800; making the credit refundable under certain circumstances; etc.

Authorizing a county to provide, by law, a credit against the county income tax for certain dependent children; and applying the Act to taxable years beginning after December 31, 2026.

Allowing a credit against the State income tax for certain income taxes and penalties attributable to an early withdrawal of retirement funds due to financial exploitation; and applying the Act to all taxable years beginning after December 31, 2025.

Converting the Biotechnology Investment Incentive Tax Credit to be the Biotechnology Investment Incentive Grant Program in the Department of Commerce; requiring the Department to disburse a grant within a certain time period; allowing a subtraction modification under the Maryland income tax for certain grants received during the taxable year; establishing the Biotechnology Investment Incentive Grant Program Fund; requiring the Governor to include an appropriation of $10,000,000 in the annual budget bill for the Fund; etc.

Increasing the amount of the standard deduction allowed for certain individuals from $3,350 to $4,100 under the Maryland income tax; and applying the Act to taxable years beginning after December 31, 2025.

Requiring the State Department of Education to approve and certify a nonprofit organization that meets certain requirements as a scholarship granting organization; requiring the Department, beginning in 2027, to annually provide the Secretary of the U.S. Department of the Treasury a list of scholarship granting organizations; and requiring the Comptroller to make available online guidance that assists taxpayers in claiming a certain tax credit for certain contributions.

Altering a subtraction modification under the Maryland income tax for unreimbursed expenses paid or incurred by certain teachers during a taxable year for the purchase of certain classroom supplies to include certain teachers employed in prekindergarten programs in the State; and applying the Act to all taxable years beginning after December 31, 2025.

Extending the termination date for a credit against the State income tax for certain costs related to certain theatrical productions in the State; etc.

Providing an addition modification under the corporate income tax for the amount of certain direct-to-consumer advertising expenses for certain covered drugs paid or incurred during the taxable year that are deducted under the Internal Revenue Code; and applying the Act to all taxable years beginning after December 31, 2025.

Requiring the State Department of Education to approve and certify a nonprofit organization that meets certain requirements as a scholarship granting organization; requiring the Department, beginning in 2027, to annually provide the Secretary of the U.S. Department of the Treasury a list of scholarship granting organizations; and requiring the Comptroller to make available online guidance that assists taxpayers in claiming a certain tax credit for certain contributions.

Allowing a parent of a stillborn child a refundable credit of $1,000 against the State income tax for each birth for which a certain certificate of birth resulting in stillbirth or a certificate of fetal death has been issued; and applying the Act to taxable years beginning after December 31, 2026.

Prohibiting certain charitable organizations from participating in or intervening in a political campaign on behalf of or in opposition to a candidate for public office; authorizing the Secretary of State and the Attorney General, acting jointly, to order a 2-year revocation of certain tax-exempt statuses if a certain determination is made; requiring the Comptroller and the Director of the State Department of Assessments and Taxation to revoke certain tax-exempt statuses under certain circumstances; etc.

Altering the definition of "catalytic revitalization project" to include a historic property that is a substantially vacant or functionally obsolescent privately owned commercial property; altering eligibility for and the amount of a certain credit against the State income tax for certain construction and rehabilitation costs for certain catalytic revitalization projects; altering certain limitations on the Secretary of Housing and Community Development to accept certain applications and award certain tax credits; etc.

Altering a certain subtraction modification under the Maryland income tax to include certain retirement income attributable to a resident's employment with the District of Columbia as a member of a fire, rescue, or emergency services organization; and applying the Act to all taxable years beginning after December 31, 2025.

Altering a subtraction modification under the Maryland income tax for enhanced agricultural management equipment to include equipment that the Secretary of Agriculture determines by regulation to qualify as enhanced agricultural management equipment; and applying the Act to taxable years beginning after December 31, 2025.

Expanding eligibility for the Maryland earned income tax credit for individuals without qualifying children by altering the income thresholds at which the credit phases out; providing that, after the 2025 tax year, the income threshold and phase-out amounts are adjusted annually for inflation; and applying the Act to all taxable years beginning after December 31, 2025.

Altering eligibility for a credit against the State income tax for physician preceptors by repealing a requirement that a student in a physician preceptorship program be enrolled in a medical school or medical training program in the State and reducing the required number of hours for a preceptor rotation for community-based clinical training; and applying the Act to taxable years beginning after December 31, 2025.

Requiring, as practicable, the Comptroller and the Director of the State Department of Assessments and Taxation to jointly determine on a regular basis whether a certain nonprofit organization in the State has been found to be a certain terrorist-supporting organization; requiring that the Comptroller and the Director revoke a terrorist-supporting organization's tax-exempt status with respect to certain Maryland income tax, sales and use tax, and property tax exemptions; etc.

Increasing from $15,000 to $20,000 over a period of 5 taxable years the amount allowed as a subtraction modification under the Maryland income tax for certain retirement income attributable to an individual's employment as a public safety employee.

Exempting from taxation the income of a certain individual detained or taken hostage abroad during the taxable year and the spouse of that individual; and exempting from property tax certain property that is owned by an individual detained or taken hostage abroad or the spouse of that individual, subject to certain limitations.

Altering the designation, administration, and purposes of and eligibility for certain economic development programs; redesignating the Economic Development Opportunities Program Account to be the Strategic Closing Fund within the Department of Commerce; altering the purposes for and methods by which the Fund may be utilized; altering the termination date of the Build Our Future Grant Pilot Program, Job Creation Tax Credit, Research and Development Tax Credit, and Employer Security Clearance Costs Tax Credit; etc.

Authorizing a credit against the State income tax for certain taxpayers who are at least 77 years old; providing that if the credit exceeds the State income tax for a taxable year, the unused amount of the credit may not be carried over to any other taxable year; and applying the Act to taxable years beginning after December 31, 2025.

Expanding eligibility for the Maryland earned income tax credit for individuals without qualifying children by altering the income thresholds at which the credit phases out; providing that, after the 2025 tax year, the income threshold and phase-out amounts are adjusted annually for inflation; and applying the Act to all taxable years beginning after December 31, 2025.

Establishing the Maryland New Markets Development Program; requiring the Department of Housing and Community Development to administer the Program; authorizing a credit against the State insurance premium receipts tax and certain State insurance retaliatory taxes, fees, charges, and penalties for certain equity investments in certain community development entities; authorizing the Department to recapture a credit under certain circumstances; limiting the credit amounts that may be issued to $18,750,000 for any taxable year; etc.

Extending the termination date to June 30, 2032, for a credit against the State income tax for certain costs related to certain theatrical productions in the State; etc.

Providing that an addition modification under the Maryland income tax for certain income exempt from federal tax by federal law or treaty but not State tax does not apply to certain foreign earned income; and applying the Act to taxable years beginning after December 31, 2025.

Decreasing, over 4 taxable years, the State corporate income tax rate from 8.25% to 6.25%.

Including income from certain retirement plans within a certain subtraction modification allowed under the Maryland income tax for certain individuals who are at least 65 years old or who are disabled or whose spouse is disabled; altering the maximum amount of the subtraction modification for certain taxable years; repealing a limitation on the maximum amount of the subtraction modification; applying the Act to all taxable years beginning after December 31, 2025; etc.

Delaying the implementation of the Earned Income Tax Credit Assistance Program until taxable year 2030; requiring the Comptroller's Office, on or before December 1, 2026, to study and make recommendations regarding outreach efforts to encourage eligible taxpayers to claim the State earned income tax credit; and requiring the Department of Service and Civic Innovation to make certain recommendations concerning methods to assist low-income Marylanders with claiming certain credits and obtaining certain assistance.

Authorizing a county to provide, by law, a credit against the county income tax for certain dependent children; and applying the Act to taxable years beginning after December 31, 2026.

Altering eligibility for a credit against the State income tax for physician preceptors by repealing a requirement that a student in a physician preceptorship program be enrolled in a medical school or medical training program in the State and reducing the required number of hours for a preceptor rotation for community-based clinical training; and applying the Act to taxable years beginning after December 31, 2025.

Delaying the implementation of the Earned Income Tax Credit Assistance Program until taxable year 2030; requiring the Comptroller's Office, on or before December 1, 2026, to study and make recommendations regarding outreach efforts to encourage eligible taxpayers to claim the State earned income tax credit; and requiring the Department of Service and Civic Innovation to make certain recommendations concerning methods to assist low-income Marylanders with claiming certain credits and obtaining certain assistance.

Making a certain credit against the State income tax for certain residents who are at least 65 years old refundable; and applying the Act to taxable years beginning after December 31, 2025.

Increasing to $40,000 over a 2-year period the amount of a certain subtraction modification under the State income tax for certain military retirement income received by an individual, regardless of age, during a taxable year for certain military service.

Providing an addition modification under the Maryland income tax for the gain from the sale or exchange of certain small business stock excluded from federal gross income and a certain amount of fines, penalties, and trade or business expenses; providing certain modifications to the federal adjusted gross income of an individual or federal taxable income of a corporation for Maryland income tax purposes relating to certain deductions under the federal income tax for the depreciation of certain property; etc.

Increasing, from $12,500 to $20,000, the amount of a subtraction modification under the Maryland income tax for military retirement income for individuals who are under the age of 55 years; and applying the Act to all taxable years beginning after December 31, 2025.

Providing certain modifications to the federal adjusted gross income of an individual or federal taxable income of a corporation for Maryland income tax purposes relating to certain deductions under the federal income tax for depreciation of certain property and certain business interest expenses; etc.

Altering the designation, administration, and purposes of and eligibility for certain economic development programs; redesignating the Economic Development Opportunities Program Account to be the Strategic Closing Fund within the Department of Commerce; altering the purposes for and methods by which the Fund may be utilized; altering the termination date of the Build Our Future Grant Pilot Program, Job Creation Tax Credit, Research and Development Tax Credit, and Employer Security Clearance Costs Tax Credit; etc.

Requiring a unit of State and local government and a person that receives funding from the State operating or capital budget to report on or before October 15 each year to the Comptroller certain information regarding the use of the funds; requiring a certain individual or corporation that receives payments from a unit of State and local government for providing goods or services to the unit to include certain information on the individual's or corporation's income tax return or declaration; etc.

Requiring a unit of State and local government and a person that receives funding from the State operating or capital budget to report on or before October 15 each year to the Comptroller certain information regarding the use of the funds; requiring a certain individual or corporation that receives payments from a unit of State and local government for providing goods or services to the unit to include certain information on the individual's or corporation's income tax return or declaration; etc.

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.

Authorizing a credit against the State income tax for certain taxpayers who are at least 77 years old and have a federal adjusted gross income not exceeding $175,000 for a single taxpayer, or $250,000 for spouses filing jointly, or for a certain surviving spouse; and applying the Act to taxable years beginning after December 31, 2025.

Prohibiting the Governor from electing to participate in a certain tax credit program for certain elementary and secondary education scholarships; providing an addition modification under the Maryland income tax for the amount paid by an employer on behalf of an employee as a contribution to a certain account and the amount of any distribution under certain prepaid contracts or investment accounts that is not used for qualified education expenses; applying the Act to all taxable years beginning after December 31, 2025; etc.

Requiring, for taxable years beginning after December 31, 2024, but before January 1, 2030, that certain individuals reduce their federal itemized deduction for purposes of determining their Maryland itemized deductions by the amount claimed as taxes paid on real property.

Increasing from $15,000 to $20,000 over a period of 5 taxable years the amount allowed as a subtraction modification under the Maryland income tax for certain retirement income attributable to an individual's employment as a public safety employee.

Altering the Enterprise Zone Program; altering and repealing certain credits, exemptions, and deductions to the State income, motor fuel, sales and use, tobacco, and property taxes; providing an addition modification under the Maryland income tax for the entire amount of certain deductions under the Internal Revenue Code for dividends paid for real estate investment trusts; requiring the Department of Commerce to evaluate the film production activity tax credit and submit a certain report on or before December 1, 2026; etc.

Allowing a subtraction modification under the Maryland income tax for certain overtime compensation; and applying the Act to taxable years beginning after December 31, 2025, but before January 1, 2029.

Prohibiting the Governor, on or after July 4, 2025, from nominating a census tract for designation as a qualified opportunity zone; providing an addition modification under the Maryland income tax for the capital gains from certain qualified opportunity funds; providing an addition modification under the Maryland corporate income tax for certain foreign-derived deduction eligible income and the amount of interest paid on loans that secure certain rural property; etc.

Allowing a credit against the State income tax for qualified employers who provide certain paid organ donation leave to eligible employees; allowing a qualified employer to carry over any excess credit to certain taxable years; and applying the Act to taxable years beginning after December 31, 2025.

Altering certain provisions of law governing the recapture of certain amounts of the credit against the State income tax for certain individuals with student loan debt to require the recapture of the unused amount of the credit rather than the total amount; authorizing the Maryland Higher Education Commission to extend the period of time that an individual who claims the credit has to prove that the individual used the credit to repay the individual's student loan debt under certain circumstances; etc.

Allowing a credit against the State income tax for 25% of an investment made in qualified Maryland companies up $1,000,000; providing that investments in companies engaging in certain emergent technology may qualify for the tax credit subject to certain requirements; providing that a qualified investor shall make an investment in a qualified Maryland company within a certain amount of time after the Department issues an initial tax credit certificate; etc.

Authorizing a credit against the State income tax for certain individuals who are employed full-time in a public primary or secondary school in the State and have outstanding student loan debt; and applying the Act to taxable years beginning after December 31, 2025.

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.

Altering the definition of "qualified rehabilitation expenditure", for purposes of the Historic Revitalization Tax Credit, to repeal the exclusion of expenditures for a certain rehabilitation that is otherwise funded, financed, or reimbursed by certain State or local expenditures; altering the definition of "substantial rehabilitation" to extend the period during which certain expenditures must occur; expanding certain competitive award criteria for commercial projects; etc.

Allowing a credit against the State income tax for 25% of an investment made in qualified Maryland companies up to $1,000,000; providing that investments in companies engaging in certain emergent technology may qualify for the tax credit subject to certain requirements; providing that a qualified investor shall make an investment in a qualified Maryland company within a certain amount of time after the Department issues an initial tax credit certificate; etc.

Establishing the Education Savings Account Program in the State administered by the State Department of Education; providing that on a quarterly basis the State shall deposit into an account of an eligible student a certain percentage of the per pupil amount of State and local funds for each education program in the resident school district for which the eligible student would be included in the enrollment count; allowing a subtraction modification under the State income tax for deposits into an education savings account; etc.

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.

Allowing a credit against the State income tax for 33% of an investment made in qualified Maryland companies, not to exceed $250,000 except in certain counties; requiring the Department of Commerce to maintain an online portal providing information about the credit and managing applications for the credit; providing that a qualified investor shall make an investment in a qualified Maryland company within 30 calendar days after the Department issues an initial tax credit certificate; etc.

Altering eligibility for and the manner for claiming a certain credit against the State income tax that certain persons may claim for certain construction and rehabilitation costs for certain catalytic revitalization projects in the State; altering certain limitations on the Secretary of Housing and Community Development to accept certain applications and award certain tax credit certificates; etc.

Altering certain provisions of law governing the recapture of certain amounts of the credit against the State income tax for certain individuals with student loan debt to require the recapture of the unused amount of the credit rather than the total amount; authorizing the Maryland Higher Education Commission to extend the period of time that an individual who claims the credit has to prove that the individual used the credit to repay the individual's student loan debt under certain circumstances; etc.

Allowing a credit against the State income tax for qualified employers who provide certain paid organ donation leave to eligible employees; allowing a qualified employer to carry over any excess credit to certain taxable years; and applying the Act to taxable years beginning after December 31, 2025.

Altering a limitation on claiming the income tax credit for eligible long-term care insurance premiums for more than 1 year with respect to the same insured individual; altering the amount of the credit from a one-time $500 credit to a maximum of $250 for a taxable year beginning after December 31, 2026; and applying the Act to taxable years beginning after December 31, 2026.

Allowing a credit against the State income tax for certain contributions to organizations that support at-risk youth, volunteering at certain schools and recreation centers, and employing certain at-risk youth; etc.

Allowing a credit against the State income tax for certain small political contributions paid to certain campaign finance entities during the taxable year; making the credit refundable; applying the Act to taxable years beginning after December 31, 2025, but before January 1, 2031; etc.

Repealing the limitation on the maximum amount of a credit against the State income tax that an individual may claim for certain expenses incurred for a donation of deer meat to certain organizations; and applying the Act to all taxable years beginning after December 31, 2025.

Altering a limitation on claiming the income tax credit for eligible long-term care insurance premiums for more than 1 year with respect to the same insured individual; altering the amount of the credit from a one-time $500 credit to a maximum of $250 for a taxable year beginning after December 31, 2026; and applying the Act to taxable years beginning after December 31, 2026.

Providing an addition modification under the corporate income tax for the amount of certain direct-to-consumer advertising expenses for certain covered drugs paid or incurred during the taxable year that are deducted under the Internal Revenue Code; providing for the distribution of revenue attributable to the addition modification; etc.