HB 1238·MD·house
Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax
FailedFiled Feb 11, 2026
Sponsor: Acevero
Latest Action
Hearing (House)
Mar 5, 2026
Summary
The bill adds a supplemental income tax for ultra‑high‑net‑worth individuals and a 3‑6% one‑time wealth tax on assets above $1 billion. Revenues would flow into a new Strategic Investment and Stabilization Fund to help close the state’s structural budget gap. The measure failed after a House hearing.
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3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Mar 5, 2026
History
- Hearing 3/05 at 1:00 p.m.
- First Reading Ways and Means
Sponsors
- Acevero · sponsor
- Amprey
- Martinez
- Roberson
- Woods
- Young
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